SunSirs: On August 9, the Sulfur Market in Shandong Area Was Stable with Small Fluctuations
August 10 2022 14:21:41 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the average sulfur price in East China on August 9 was 1,130.00 RMB/ton, an increase of 3.04% compared with the previous working day. The market situation was stable with small fluctuations, and the sulfur quotations of individual refineries were raised by 20-80 RMB/ton.
Analysis review
The downstream sulfuric acid market continued to be weak, and the purchasing enthusiasm was general. The domestic sulfur market was mostly stable, and the price trend was stable with small fluctuations. The sales of sulfur in refineries in Shandong were acceptable, and manufacturers increased their quotations based on their own inventory and shipments.
Market outlook
Due to the existence of low-priced supplies on the market and limited downstream demand, it is expected that the sulfur market will be mainly wait-and-see, and the price trend may increase within a narrow range. Pay attention to the downstream follow-up situation.
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