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SunSirs: Domestic Sulfur Market Stalemated Finishing (December 11-17)
December 22 2021 11:29:25SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the price trend of sulfur (particulate sulfur) in East China increased slightly this week. On December 17, the price of sulfur was 1,956.67 RMB/ton, compared with the price of 1,933.33 RMB/ton on last weekend, an increase of 1.21% during the week. The month-on-month decline was 6.97%.

Analysis review

The domestic sulphur market had mixed ups and downs, the downstream demand was in general and the industry's mentality was stalemate. During the week, the refineries in various regions adjusted their quotations according to their own shipments. The liquid sulfur in East China was reduced by 50-80 RMB/ton, and the mainstream price was 1,860-1,910 RMB/ton; the liquid sulfur in North China was reduced by 60 RMB/ton, and the mainstream price was 1,610- 1,750 RMB/ton; and the liquid sulfur in Shandong was reduced by 70-80 RMB/ton, and the mainstream price was 1,700-1,760 RMB/ton.

The downstream phosphate fertilizer market was operating in consolidation, the domestic market demand was weak, and the new orders on the market were generally traded. The market trend of ammonium biphosphate dropped this week, and the price dropped by 2.12% during the week. The downstream purchasing enthusiasm was weak, and the manufacturers' transactions were not smooth. It is hard to find any good in the short term. The DAP market continued to be stable during the week, the winter fertilizer market progressed slowly, terminal demand was poor, and the atmosphere on the market was on the sidelines. From the perspective of supply and demand performance, the ammonium phosphate market was weakly finishing.

Market outlook

Sulfur analysts of SunSirs believe that the domestic refineries have sufficient inventory and the downstream demand is general. The increase in imported liquid sulfur impacts the domestic market. Later, liquid sulfur may continue to decline. The winter storage of the phosphate fertilizer market is progressing slowly, and terminal consumption is not enough to support sulfur. It is expected that the sulphur market will be stalemate in the future, and it is needed to pay attention to the follow-up situation of the market.

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