SunSirs: On July 25, the Sulfur Market in Shandong Was Weakly Lowered
July 26 2022 11:00:02 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the average sulfur price in East China on the 25th was 1,506.67 RMB/ton, down 8.13% from the previous working day. The weekend market was weak, and the sulfur quotation of Shandong refineries was greatly reduced, and the sulfur price of some refineries fell by 300 RMB/ton.
Analysis review
At present, the downstream demand is weak, and the enthusiasm for entering the market is general. In the market, there are low-priced sources of goods, downstream purchases are cautious, companies' shipments are not good, and inventory pressure is increasing. In order to maintain the rhythm of shipments, some companies lowered their quotations on weekends, and the price difference on the market was obvious, and the market mentality was bearish.
Market outlook
It is expected that the sulfur market will continue to run weakly in the short term, and pay attention to the downstream follow-up situation.
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