SunSirs: Domestic Sulfur Price Lowered on March 31

Price trend

The sulfur commodity index on March 31 was 34.39, a decrease of 1.46 points from the previous day and a 66.88% decrease from the highest point of the cycle at 103.84 points (2011-11-02); an increase of 33.35% from the lowest point of 25.79 on February 24, 2020. (Note: Period refers to 2011-09-01 to now)

Analysis review   

According to the price monitoring of SunSirs, the sulfur production price in East China fell 4.08% to 626.67 RMB/ton on March 31. The domestic sulfur market is stagnant, and the closure of India has affected the mentality of the industry. The enthusiasm of the downstream market is not high, the actual information is limited, and most of them are on-demand procurement and wait-and-see. At present, the domestic supply and demand are lack of substantive information guidance, the export of chemical fertilizer is confused, the port inventory is still at a high level, the start-up of terminal enterprises is not high, the price of purchase intention in the market is on the low side, the buyer and the seller have no intention of shipping at a low price for the time being, the negotiation between the buyer and the seller is deadlocked and wait-and-see mood is strong, the downstream follow-up is insufficient, and the performance of the sulphuric acid market is cold. Domestic refineries in various regions have reduced their quotations according to their own shipments. Sinopec's eastern China has reduced its solid sulfur by 30 RMB/ton, and its quotation is 580-680 RMB/ton; liquid North China has reduced its sulfur by 10 RMB/ton, and its quotation is 400-450 RMB/ton. Tons; the liquid sulfur of Sinopec Shandong area is reduced by 20 RMB/ton, the offer is 410-460 RMB/ton.

Market outlook

It is expected that the domestic sulfur market will run smoothly in the short term.

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

.