SunSirs: Sulfur Price Was Weak in June

Price trend

According to the commodity market analysis system of the business community, the price of sulfur in East China rose first and then fell in June, and the market situation was weak. As of June 30, the average ex factory price of sulfur market in East China was 713.33 RMB/ton, which was 11.93% lower than the average ex factory price of 810.00 RMB/ton at the beginning of the month.

Analysis review

During the month, the sulfur market in East China was weak and the price fell sharply. I In early June, the market was active in purchasing, shipments from manufacturers was smooth and an sulfur prices was on the rise; In mid to late June, the market continued to decline, mainly due to the weakening of downstream follow-up, poor shipments from manufacturers, and ample supply of goods in the market, leading to an increase in bearish factors on the market. Refinery enterprises had lowered their prices to promote shipments, and the market transaction center continued to decline.

The downstream sulfuric acid market rose first and then fell in June. At the beginning of the month, the market price of sulfuric acid was 182.00 RMB/ton, and at the end of the month, it was 192.00 RMB/ton, with an increase of 5.49% within the month. The domestic mainstream sulfuric acid manufacturers had low monthly inventory, and the price of sulfuric acid had slightly increased. The terminal market situation was still weak, and demand support was insufficient. The future price situation may be mainly weak.

The market for ammonium biphosphate continued to decline in June, with weak downstream demand and a small number of new orders in demand. Market confidence was lacking, and the focus of ammonium biphosphate transactions continued to shift downwards. As of June 30, the average market price of 55% powdered ammonium biphosphate was 2,550.00 RMB/ton, which was 5.12% lower than the average price of 2,687.00 RMB/ton on June 1.

Market outlook

According to sulfur analysts from SunSirs, the sulfur plant was operating normally, market supply was stable, downstream demand was average, purchased goods in cautious, and manufacturer shipments was poor. Under the supply and demand game, it is expected that the sulfur market will consolidate at a low level in the future, and specific attention will be paid to downstream follow-up.

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