SunSirs: On August 7th, the Sulfur Market Rose Strongly
August 08 2023 10:22:39 SunSirs (John)
Product name: Sulfur
Latest price: On August 7th, the average sulfur price in East China was 933.33 RMB/ton, an increase of 5.26% compared to the previous working day price of 886.67 RMB/ton.
Analysis review
The domestic sulfur market showed a strong upward trend, with prices rising significantly. The on-site refinery equipment was operating normally, the supply of goods was stable, and manufacturers were actively shipping. Downstream demand for phosphate fertilizer was increasing, and prices were rising. The sulfur market had a positive attitude, and manufacturers had increased their willingness to rise. Downstream purchases were active, and the company's shipments were smooth over the weekend. The refinery's sulfur quotation continued to rise, and as of Monday, the sulfur market price had increased by a total of 50-70 RMB/ton.
Market outlook
In the short term, the price of sulfur has significantly increased. In the future market, it is necessary to observe the downstream acceptance of high priced goods. It is expected that the sulfur market will consolidate and operate in the short term, and specific attention will be paid to the downstream follow-up situation.
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