SunSirs: On October 7th, the Sulfur Market in Shandong Region Was Sorted out to Be Weaker
October 08 2023 10:24:13 SunSirs (John)
Price trend
On October 7th, the sulfur prices of refinery enterprises in Shandong region were lowered, with the mainstream price of solid sulfur ranging from 950 to 1,020 RMB/ton; The mainstream price of liquid sulfur was between 900-970 RMB/ton, and the price was for reference only.
Analysis review
The sulfur manufacturer's equipment was operating normally, the market supply was stable, and the end of autumn fertilizer use was coming. The downstream market was stabilizing, and the enthusiasm for purchasing in the market was weakened. There was insufficient support for sulfur demand, and the manufacturer's shipment was not smooth, resulting in a downward shift in the focus of market trading.
Market outlook
In the short term, the sulfur market will be sorted out on a wait-and-see basis.
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