SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Sulfur News > News Detail
Sulfur News
SunSirs: Sulfur Prices Rose First and then fell this week
April 24 2024 15:35:49SunSirs(John)

Price trend

According to the commodity market analysis system of SunSirs, the sulfur price trend in East China this week first rose and then fell. On April 21, the sulfur price was 1,223.33 RMB/ton, which was 1.66% higher than the sulfur price of 1,203.33 RMB/ton at the beginning of the week, and an increase of 13.98% compared to the beginning of the month.

Analysis review

This week's sulfur market was running smoothly. The maintenance of refineries in Shandong region was concentrated, and the market supply of goods was still low. Enterprise inventory was relatively low, and most refineries had strong quotations. At the same time, downstream procurement was active, and market trading was good. Some enterprises had lowered their quotations due to high price increases in the early stage and downstream resistance. The overall sulfur market was still operating at a relatively high level. As of the 19th, the mainstream price of solid sulfur in refineries in Shandong Province was around 1,180-1,270 RMB/ton; The mainstream price of liquid sulfur was between 1,180-1,320 RMB/ton.

Downstream market trends in the industrial chain

The downstream sulfuric acid market remained strong and stable, with an average domestic sulfuric acid price of 331.25 RMB/ton on April 21, which remained unchanged from the price of 331.25 RMB/ton on April 15. The domestic sulfuric acid market continued to remain stable, with acid companies adopting a wait-and-see attitude and maintaining active shipments. Downstream demand expectations were weak, and the market trading atmosphere was limited. Under the game of supply and demand, sulfuric acid prices continued to remain stable.

The downstream ammonium biphosphate market remained weak and stable. On April 21st, the average market price of 55% powdered ammonium biphosphate was 2,966.67 RMB/ton, which was unchanged from the price of 2,966.67 RMB/ton on April 15th. The maintenance of ammonium biphosphate equipment had increased, leading to a reduction in market supply. However, downstream demand was sluggish, and manufacturers had limited new orders and transactions. At the same time, the number of pending orders had decreased, putting pressure on enterprise sales. There was a strong wait-and-see sentiment on the market, and the price of ammonium biphosphate was temporarily stable.

Market outlook

SunSirs’ sulfur analysts believe that the sulfur market had a lot of equipment maintenance, tight supply of goods, strong supplier support, stable downstream demand, and active enterprise shipments. Considering that downstream acceptance of high prices may weaken, it is expected that sulfur prices will mainly be stable with slight fluctuations in the short term, with an overall stronger operation. Specific attention should be paid to downstream follow-up.

If you have any questions, please feel free to contact SunSirs with

Exchange Rate:

8 Industries
Rubber & Plastics
Non-ferrous Metals
Building Materials
Agricultural & Sideline Products