SunSirs: On September 11th, the Sulfur Market Was Sorted out to Be Weaker
September 13 2023 10:42:38 SunSirs (John)
Product name: Sulfur
Latest price: On September 11th, the average sulfur price in East China was 1,160.00 RMB/ton, a decrease of 1.42% compared to the previous working day price of 1,176.67 RMB/ton.
Analysis review
The domestic sulfur market was weaker in consolidation, and the price range had been lowered. The operation of the sulfur refinery unit was normal, the supply of goods was stable, and the downstream phosphate fertilizer market was stabilizing. Demand was slowing down, and the on-site trading atmosphere was weakened. The mentality of the sulfur market was not good, and some refineries in Shandong were experiencing poor shipments. Over the weekend, the sulfur quotation was lowered by 40-70 RMB/ton.
Market outlook
From the perspective of supply and demand performance, downstream prices had stabilized, and support for sulfur had weakened. On the market, traders had a wait-and-see mentality and were actively shipping. It is expected that the short-term sulfur market will be narrowly sorted out.
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