1、 Price trend
According to the price monitoring of business agency, the average ex factory price of sulfur market in East China in January was 503.33 yuan / ton, down 17.03% compared with the average ex factory price of 606.67 yuan / ton in early December, down 63.35% year on year.
2、 Market analysis
Products: in January, the domestic sulfur market was weak, the port inventory was high, the consumption was slow, there was no information guidance in the field, the main thing was to wait and see, and the price was weak and stable. Affected by the environmental protection policy, the downstream demand performance is sluggish, the market supply and demand is weak, and the output performance of refineries in various regions is poor. In the middle of January, the Spring Festival holiday is approaching, and the festival atmosphere is strong. Refineries in various regions adjust their quotations according to their shipping conditions, and the overall price trend is stable. At present, the price of solid sulfur in East China is 520-610 yuan / ton, and that of liquid sulfur is 490-580 yuan / ton; the price of solid sulfur in Shandong is 480-510 yuan / ton, and that of liquid sulfur is 400-450 yuan / ton; the price of solid sulfur in East China is 400-440 yuan / ton, and that of liquid sulfur is 380-420 yuan / ton.
Industry chain: the domestic market of downstream sulfuric acid is operating in a differentiated way, with local market ups and downs showing each other. Although there are downstream enterprises preparing goods before the Spring Festival in January, the overall market is still strong and weak in supply and demand, with limited favorable support and light trading. Acid enterprises also maintain stable operation of shipment and keep the inventory at a reasonable level. Some of the main acid plants in Shandong continue to raise their acid prices, while others remain on the sidelines. Due to the weather, there are certain limitations in transportation. Acid Companies dare not adjust their prices rashly, and the market is mostly stuck.
3、 Future forecast
According to the sulfur analyst of the business agency, the demand of the sulfur market is low, the high level of port inventory consumption is slow, the market lacks the guidance of substantive information, the mainstream factories are well stocked, and the industry is mainly stuck on the sidelines. It is expected that the market will be sorted out and operated after the year, depending on the situation of the factories in the future.