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SunSirs: Sulfur Market Edged Up on March 22
March 23 2022 09:40:26SunSirs(John)

Product Name: Sulfur

The latest price (March 22): 3,183.33 RMB/ton

Analysis review

According to the price monitoring of SunSirs, the average price of sulfur in East China on the 22nd rose by 2.14% compared with previous trading day. On the 22nd, the sulfur market adjusted upward, and the increase slowed down compared with the previous period. The price adjustment range of solid sulfur in refineries in various regions in China was mostly 30-100 RMB/ton, and individual manufacturers remained unchanged. The adjustment range of liquid sulfur was 30-80 RMB/ton, and Qilu Petrochemical increased by 260 RMB/ton.

The reason for the rise was the support of the port market. The supply of goods on the port was difficult to find, and the owner of the goods had a strong mentality. In terms of downstream demand, the sulfuric acid market is improving, and the stable use of fertilizers in spring has given continuous positive market demand. There is no pressure on the domestic refinery inventory, the market supply is in short supply, and the price of solid and liquid sulfur is running at a high level.

Market outlook

In the short term, the sulfur market is on the strong side, and attentions should be paid to the downstream follow-up situation.

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