SunSirs: Sulfur Prices Trended Up Steadily in December

Price trend

According to the price monitoring of the business agency, on December 31, the average ex-factory price of sulfur in East China was 1,013.33 RMB/ton. Compared with the average ex-factory price of 990.00 RMB/ton at the beginning of the month, it increased by 2.36% during the month and was up 101.33% year-on-year.

Analysis review

In December, the domestic sulphur market was steadily rising. The sulphur quotation was strong, the port cargo rights were concentrated, the mentality of the holders was acceptable, the low prices were hard to find, the inventory of the domestic refineries was low, the market performance was stable, and the downstream demand was stable. Sulfur manufacturers adjusted their quotations based on the sales situation, and the sulfur market prices rose steadily during the month. As of the 31st, the quotation of solid sulfur in East China was 970-1,280 yuan/ton, an increase of 30 yuan/ton; the quotation of solid sulfur in North China was 910-920 yuan/ton, an increase of 40-50/ton; both solid sulfur and liquid sulfur quotations in Shandong area were at 1,020-1,050 RMB/ton.

The downstream sulphuric acid market saw a slight upward adjustment. The sales of sulphuric acid in Shandong were stable, the manufacturers’ inventories were small, and the downstream purchasing enthusiasm was acceptable. The sulphuric acid market was stable with a slight increase. Individual acid companies were subject to environmental restrictions, start operations were unstable, and the domestic market was operating in a differentiated manner. The demand for phosphate fertilizer was strong, the market was good, the sales of enterprises were smooth, and the market outlook was strong.

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, downstream demand is stable, and the mentality of port holders is acceptable. Buyers and sellers are mainly discussing and waiting. It is expected that the sulfur market will be stabilized temporarily in the later period, and the specific trend of the market will be watched.

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