SunSirs: On October 17, the Sulfur Market Was Weak
October 18 2022 10:55:01 SunSirs (John)
Price trend
According to the price monitoring of SunSirs, the average price of sulfur in East China was 1,510 RMB/ton on October 17, down 3.21% from last weekend, and the market was weak.
Analysis review
The downstream sulfuric acid market was running steadily, the supply and demand in the market were relatively balanced, and the enterprise quotation was temporarily stable. Ammonium biphosphate market was mainly stable, fertilizer use in autumn was nearing the end, market trading and investment were weak, the overall downstream demand was weak, and the support for the sulfur market was insufficient. The shipment of sulfur refinery in Shandong was not good, and the enterprise's quotation was lowered according to its own shipment situation.
Market outlook
It is expected that the sulfur market will be sorted out in the short term, with specific attention paid to the downstream follow-up.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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