SunSirs: Sulfur Market Rose Slightly in November

Price trend

According to the price monitoring of SunSirs, the average ex-factory price of sulfur in East China was 956.67 RMB/ton on October 30. Compared with the average ex-factory price of 940.00 RMB/ton at the beginning of the month, it was a decrease of 1.77% during the month and a year-on-year increase of 57.69%.

Analysis review   

In November, the sulphur market was steadily rising. The port cargo rights were concentrated. The holders of the market were obviously strong to support the market. The offer was intended to increase. The inventory of domestic refineries was low, the downstream demand was stable, and the sales performance was stable. Domestic sulphur manufacturers based on the sales situation. The quotation was adjusted and the sulfur market price rose steadily during the month. As of the 30th, the quotations of solid sulfur in East China were 940-1,250 RMB/ton, and the quotations of liquid sulfur were 890-1,100 RMB/ton; the quotations of solid sulfur in North China were 860-880 RMB/ton and the quotation of liquid sulfur were 830-890 RMB/ton; the prices of solid and liquid sulfur in Shandong were 960-970 RMB/ton.

The domestic market of downstream sulfuric acid was mainly upward. The shipment of sulfuric acid manufacturers in Shandong was stable, the inventory of acid enterprises was low, and the market of sulfuric acid was stable and slightly rising. The start of domestic acid enterprises was subject to environmental protection restrictions, and the start of the operation was unstable. The demand for phosphate fertilizer was strong, and the company's delivery was smooth, and the market outlook would be temporarily stable.

Market outlook

Sulfur analysts of SunSirs believe that downstream factories and traders in the sulfur market enter the market to replenish goods on demand. Domestic refineries have low inventories and strong prices. Ports have a positive attitude and a strong attitude towards the market. It is expected that the sulfur market will be sorted and run in the later period, and it is need to wait and see the trend of the market.

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