SunSirs: Sulfur Market Was Sorting out Weakly on June 19th
June 20 2023 14:46:36 SunSirs (John)
Product Name: Sulfur
Latest price: The average price of sulfur in East China was 803.33 RMB/ton on June 19, down 2.82% from 826.67 RMB/ton on the previous working day.
Analysis review
The domestic sulfur market was weakly sorted out, with prices generally decreasing by 20-30 RMB/ton. The refinery units in Shandong region were operating normally, the market supply was stable and inventory of manufacturers was sufficient. They maintained active shipments, while downstream procurement enthusiasm was weak. They were cautious and wait-and-see when entering the market, purchasing a small amount of goods and mainly on demand. Sulfur manufacturers had poor shipments and accumulated inventory. In order to stimulate the shipment, they lowered the price of sulfur.
Market outlook
As of June 19th, the supply of sulfur refining plants was stable, downstream demand was low and lacked positive support on the market. Under the supply and demand game, it is expected that the sulfur market will consolidate at a low level, and specific attention will be paid to downstream follow-up.
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- 2024-04-24 SunSirs: Sulfur Prices Rose First and then fell this week
- 2024-04-10 SunSirs: On April 9th, the Sulfur Market in Shandong Region Was Slightly Stronger
- 2024-04-03 SunSirs: The Sulfur Market Continued to Rise This Week
- 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
