Price trend

The sulfur commodity index on July 14 was 34.20, which was 1.65 points lower than previous day, 67.06% lower than 103.84 points (2011-11-02), and 32.61% higher than 25.79 points, the lowest point on February 24, 2020. (Note: period refers to 2011-09-01 to now)

Analysis review

According to the price monitoring of SunSirs, on July 14, the average price of sulfur production in East China was 623.33 RMB/ton, a single-day decline of 4.59%. Domestic refineries adjusted their quotations according to their own shipments. On the 14th, Sinopec East China increased the price of liquid sulfur by 30 RMB/ton, and the quotation was 560-680 RMB/ton; Sinopec North China's offer of solid-liquid sulfur was temporarily stable; the price of solid sulfur in Sinopec's Shandong area was reduced by RMB 40-50/ton, and the quotation was at RMB 620/ton. Liquid sulfur was reduced by RMB 20/ton, and the quotation was in the range of RMB 570-620/ton.

Market outlook

At present, the market of the port market is weak, and the domestic sulphur market offers up and down. The market players are mostly cautious and wait-and-see. The downstream phosphate fertilizer demand is off-season and the performance is not good. Under the market's lack of news guidance, the sulphur market may be consolidated in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.