Price trend

The sulfur commodity index on March 3 was 33.10, an increase of 2.56 points from previous day, and a 68.12% decrease from the highest point of the cycle at 103.84 points (2011-11-02), an increase of 28.34 from the lowest point of February 24, 2020 at 25.79 points. %. (Note: Period refers to 2011-09-01 to now)

Analysis review   

According to the price monitoring of SunSirs, the sulfur production price in East China on the 3rd was 603.33 RMB/ton, an increase of 8.38%. Relevant downstream companies in the sulfur industry have resumed their operations. The operating rates of mainstream downstream companies have risen. The operating rates of monoammonium phosphate and diammonium phosphate companies have increased, effectively boosting overall market confidence. The spring ploughing of fertilizers was launched, and the terminal demand was about to start. The prices of monoammonium, compound fertilizers, and urea increased, and due to the obstacles in logistics and transportation, the downstream factories were not started enough, and the market supply and demand were unbalanced. Resumption of downstream production has driven up the demand for sulfur.

Market outlook

It is expected that the domestic sulfur market will wait and see for consolidation and operation in the short term.

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