Price trend

According to the price monitoring of SunSirs, the average sulfur price in East China on the 28th was 3,706.67 RMB/ton, down 0.63% from previous day. The quotations of enterprises were generally lowered, and the sulfur quotations of some refineries were slightly reduced by 30-40 RMB/ton, and the liquid sulfur of individual refineries was greatly reduced by 150-160 RMB/ton.

Analysis review

The domestic sulfur quotation was high, and there was resistance in the downstream. The downstream sulfuric acid market was weak and the demand was weakening. The terminal fertilizer was coming to an end, and the overall market demand support was insufficient. The sulfur inventory pressure was increasing. In order to maintain the rhythm of shipments, domestic refineries lowered their quotations, and the overall market sentiment was weak.

Market outlook

In the short term, the sulfur market is weak and consolidating, and the price may continue to decline. Please pay attention to the downstream follow-up situation.

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