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SunSirs: Sulfur Price Trend Narrowed Down on December 17

December 18 2019 10:40:19     SunSirs (John)

Product Name: Sulfur

 

Latest price (December 17): 533.33 RMB/ton

 

Analysis points:

The domestic sulfur market was steadily moving downward, and the atmosphere in the market was light. Sinopec offers stable prices in East China. The mainstream price of solid sulfur is 520-660 RMB/ton and the mainstream price of liquid sulfur is 470-630 RMB/ton. North China cut 30-40 RMB/ton, the mainstream price of solid sulfur is 490-530 RMB/ton, and the price of liquid sulfur is 470-510 RMB/ton; The quotation for solids and liquids in Shandong area has been reduced by 60 RMB/ton simultaneously. The mainstream price of solid sulfur is 540 RMB/ton and the mainstream price of liquid sulfur is 460-540 RMB/ton.

At present, the port inventory is still high, consumption is slow, the atmosphere of negotiation in the market is deserted, a small amount of transactions, and the market performance is quiet. The downstream sulfuric acid market is operating weakly. At present, the main acid plant installations are overhauled, the start-up is declining, the demand is tepid, the procurement intention is weak, and it may be operated with wait-and-see in the short term. The demand for phosphate fertilizer is weak, and the downstream enterprises are cautious in purchasing and keep a wait-and-see attitude.

 

Market outlook

At present, the domestic sulfur market continues to be weak, the port inventory consumption is slow, the contradiction between supply and demand is still the same, the atmosphere of on-site negotiation is cold, the industry is mainly cautious and wait-and-see, and it is expected that the sulfur market will be weak and stable in the later stage.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

 

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