SunSirs: On August 2, the Sulfur Market in Shandong Rebounded and Rose
August 03 2022 09:28:51 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the average sulfur price in East China on August 2 was 996.67 RMB/ton, an increase of 7.55% from the previous working day.
Analysis review
Last week, the sulfur market fell continuously and wide, and the price fell to a low level. Manufacturers' shipments increased, inventory pressure weakened, and the downstream active replenishment operation to a certain extent was beneficial to the sulfur market and boosted the market's mentality. Manufacturers increased their quotations according to their own shipments, but due to the overall weak downstream market, the demand was limited.
Market overview and Market outlook
It is expected that the sulfur market will be adjusted up within a narrow range, and pay attention to the downstream follow-up situation.
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- 2024-03-06 SunSirs: On March 5th, the Sulfur Market in Shandong Region Saw Mixed Ups and Downs
- 2024-02-22 SunSirs: On February 21st, the Sulfur market in Shandong Region Was Sorted out
