SunSirs: The Sulfur Market Continued to Be Sorted Weaker on February 7
February 08 2023 14:22:04 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the average price of sulfur in East China was 1,153.33 RMB/ton on February 7, down 1.42% from the price of 1,170.00 RMB/ton on the previous working day, and the market situation was sorted out to be weaker.
Analysis review
The downstream sulfuric acid market was running slowly and steadily, the shipment of sulfuric acid enterprises was poor, and the purchase of raw sulfur was limited. The price of ammonium biphosphate declined slightly, the downstream demand was weak, the intra-field trading was general, and the ammonium biphosphate market was weaker.
The downstream performance of sulfur was weak, the enthusiasm for purchasing in the market was general, the intra-field transaction was insufficient, and some enterprises reduced the price to stimulate shipment.
Market outlook
It is expected that the sulfur market will be sorted out weakly in the short term, with specific attention paid to the follow-up of the downstream.
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