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SunSirs: On May 25, the Domestic Sulfur Market Went Up
May 26 2021 14:18:01SunSirs(John)

Price trend

The sulfur commodity index on May 25 was 85.78, an increase of 0.73 points from previous day, a decrease of 17.39% from the highest point of 103.84 points (2011-11-02), and an increase of 232.61% from the lowest point of 25.79 on February 24, 2020. (Note: Period refers to 2011-09-01 to present)

Analysis review

On the 25th, the domestic sulfur quotation was raised. According to the price monitoring of SunSirs, the average price of sulfur production in East China was 1,563.33 RMB/ton, an increase of 0.86%. The domestic refineries in various regions adjusted their prices according to their own shipments, and the quotations of solid and liquid sulfur were adjusted upwards. The growth rates varied in each region, and the overall sulfur market went up strongly. Sinopec's North China region simultaneously raised solid and liquid sulfur by 20 RMB/ton; Shandong region's liquid sulfur price increased by 20-30 RMB/ton; East China region raised the price of liquid sulfur by 50 RMB/ton.

In terms of sulfuric acid, the domestic market was operating in a differentiated manner. The price market in Shandong was operating weakly, the downstream demand was average, and the on-site trading was weak. In terms of phosphate fertilizer, the market demand was stable, the ammonium biphosphate export orders were good, but domestic demand was weak, last week, the operating rate of enterprises decreased and the market price rose; the domestic DAP market was weak and stable, the demand was general, and the support for sulfur was weak.

Market outlook

At present, the domestic sulfur market prices are firm, domestic refineries maintain low inventory operations, in addition, individual refineries are overhauled, the mentality of on-site holders is positive, the shipment of sulfur companies is relatively smooth. It is expected that the short-term sulfur market will remain stable for the time being.

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