Rising sulfur price

On June 2, the sulfur commodity index was 30.54, up 1.64 points from yesterday, down 70.59% from 103.84 (2011-11-02), the highest point in the cycle, and up 18.42% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

 

sulphamic acid

According to the price monitoring of the business agency, the price trend of sulfur rose on June 3. The sulfur production price in East China was 556.67 yuan / ton, up 5.70% on a single day, 8.44% higher than that of last month. On Tuesday, refineries in various regions in China adjusted their prices according to their own shipments. Sinopec Zhenhai Refining and Chemical Co., Ltd. in East China and Shanghai Gaoqiao Petrochemical Co., Ltd. raised their prices by 20 yuan / ton, while other manufacturers’ prices were temporarily stable; Sinopec North China’s solid-liquid sulfur rose by 30 yuan / ton; Sinopec Shandong’s solid-liquid sulfur rose by 40-50 yuan / ton.

 

Downstream, on June 2, the domestic monoammonium market fluctuated slightly, and the monoammonium phosphate commodity index was 62.37, up 0.22 points from yesterday. There is no inventory pressure for enterprises, and some enterprises also have a strong price intention. However, some manufacturers hold firm to the idea, and the overall market consolidation and operation. The market of diammonium is running smoothly, the domestic market is general, and the market demand is weak. Some enterprises start off-season maintenance to prepare for the autumn market. At present, the price has not fluctuated, maintaining the previous level.

 

Aftermarket forecast: according to the sulfur analyst of the business agency, at present, the external supply of sulfur is tight and the price is higher than the intended purchase price. The domestic market is relatively resistant to the high-end price, and the market operation mentality is not active. In the downstream, the factory’s enthusiasm for purchasing into the market is not high, the demand for phosphate fertilizer is weak, the sulfuric acid market is weak and stable, and the downstream buyers mainly purchase on demand. It is expected that the sulfur market will be frozen and consolidated in the short term.

Sulfamic acid