1、 Price trend
According to the price monitoring of the business agency, the sulfur production price in East China at the weekend was 636.67 yuan / ton, which was 2.14% higher than that at the beginning of the week and 25.97% lower than that of last year.
2、 Market analysis
This week, the sulfur price in East China is on the upward trend. The sulfur market demand is not warm and not hot. There is a lack of substantive information on the internal and external markets. The downstream factories are less active in purchasing and the market operation mentality is not positive. The trading and trading are mainly on demand. During the week, Sinopec’s quotation of solid and liquid sulfur in East China was stable; in Shandong, Sinopec, the price of solid sulfur was increased by 20 yuan / ton, by 64 yuan / ton; by 20-40 yuan / ton, by 610-640 yuan / ton; in North China of Sinopec, the price of solid and liquid sulfur was increased by 20 yuan / ton, 550-650 yuan / ton and 500-650 yuan / ton, respectively.
On the downstream side, domestic phosphate fertilizer started normal, the market trading was a little dull, mainly purchasing on demand, and the export volume and price were stable. This week, the domestic market of ammonium phosphate was weak and stable. Affected by the weather, the start-up of primary ammonium and enterprises decreased, the enthusiasm of downstream purchasing was not high, and the inventory of enterprises was under pressure; the market of DAP started higher, the demand was better, and the downstream purchasing enthusiasm improved. In terms of sulfuric acid, the price is mainly stable, and there is no obvious fluctuation in the market. Domestic acid enterprises have little change in the start-up, and most of them maintain stable supply. However, the domestic market is in excess of sulfuric acid supply. Under the game between supply and demand, it is expected that the sulfuric acid market will be weak in the future.
3、 Future forecast
Aftermarket forecast: according to the sulfur analysts of business club, although the domestic sulfur market has slightly adjusted this week, the overall price fluctuation is not big, and the market supply and demand performance is still flat. At present, the port inventory remains high, the downstream construction is low and stable, and the demand performance is stable. It is expected that the short-term sulfur market will be weak and stable.