SunSirs: Viewpoint on Sulfur Ups and Downs on Oct. 15
October 17 2019 13:18:07 SunSirs (John)Product Name: sulfur
The latest price(October 14): 660.00 RMB/ton
Analysis points:
Before the National Day, the demand for sulfur was weak, the port inventory was high, the market performance was quiet, and the atmosphere of negotiations was deserted. After several months of continuous decline, the market of sulphur was warming up, and the industry was optimistic about the market outlook. At present, domestic sulphur market prices have been raised. The mainstream price of solid sulfur in Sinopec East China is around 640-710 RMB/ton; liquid sulfur is raised 20 RMB/ton, the mainstream price is around 580-680 RMB/ton. In the North China region of Sinopec, the solid liquid is raised by 40 RMB/ton, the mainstream price of solid sulfur is about 570-620 RMB/ton, and the price of liquid sulfur is about 540-580 RMB/ton. The solid sulfur in Sinopec Shandong area is raised by 50 RMB/ton, the mainstream price is around 680 RMB/ton; the liquid sulfur is raised by 30 RMB/ton, and the mainstream price is around 570-650 RMB/ton.
Market outlook
After the holiday, the domestic sulfur market supply and demand performance was quiet, the atmosphere of negotiations was deserted, and the industry was waiting for news guidance. The port stocks are high and the external disk support is weak. It is expected that the sulfur market will be consolidated in the later period.
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