SunSirs: Sulfur prices in East China rise on March 17
March 19 2020 09:11:14 SunSirs (Molly)
The sulfur commodity index on March 17 was 35.85, an increase of 0.37 points from yesterday, and a 65.48% decrease from the highest point of the cycle at 103.84 points (2011-11-02), an increase of 39.01 from the lowest point of February 24, 2020 at 25.79 points. %. (Note: Period refers to 2011-09-01 to present)
According to SunSirs price monitoring, the sulfur production price in East China on the 17th was 653.33 yuan/ton, an increase of 1.03%.
Relevant downstream enterprises in the sulfur industry have resumed work. The operating rates of monoammonium phosphate and diammonium phosphate enterprises have increased. Hubei phosphate fertilizer manufacturers have started one after another. The supply of downstream phosphate fertilizer has increased. The spring demand for fertilizers has improved the demand for sulfur, which has effectively boosted overall market confidence. The enthusiasm for downstream purchases has weakened and mostly based on demand. Buyers and sellers intend to keep the difference, and the market trading is mostly stalemate. Except for individual refineries that stabilize prices, other regional refineries have raised their quotations based on their own shipments.
Forecast: It is expected that the domestic sulfur market will wait and see for consolidation and operation in the short term.
Sulfur-related listed companies include Hongxing Development (600367) and Chitianhua (600227).
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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