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SunSirs: On August 23, the Sulfur Market in Shandong Area Was Wait-and-see
August 24 2022 10:05:06SunSirs(John)

Price trend

According to the price monitoring of SunSirs, the average price of sulfur in East China on August 23 was 1,163.33 RMB/ton, which was unchanged from the previous working day , and the market conditions were wait-and-see.

Analysis review

The downstream sulfuric acid market continued to be weak, and purchases were limited, and most of them followed up on demand. Sulfur shipments from sulfur refineries in Shandong were acceptable. According to their own shipments, the quotations of various manufacturers were temporarily stable. In the port market, the market was running steadily for the time being. Holders were reluctant to sell, and the market outlook may rise slightly.

Market outlook

It is expected that the domestic sulfur market will be organized to run, and the price trend may increase within a narrow range, and pay attention to the downstream follow-up situation.

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