Price trend
| sulphamic acid |
According to the price monitoring of the business community, the price trend of sulfur in East China continued to rise this week. The average price of sulfur on December 9 was 1513.33 yuan/ton, up 4.37% compared with 1450.00 yuan/ton on December 3, and up 13.78% month on month.
The sulfur market in East China has improved, the terminal winter fertilizer storage market has been actively promoted, the downstream demand for sulfur has increased, the refinery shipments are smooth, the inventory is low, and the sulfur quotation has continued to rise. As of September 9, the mainstream price of solid sulfur in refineries in Shandong was about 1430-1680 yuan/ton, and the mainstream price of liquid sulfur was 1380-1550 yuan/ton.
Downstream market of industrial chain
The downstream sulfuric acid market was weak. As of December 9, the average domestic sulfuric acid price was 301.67 yuan/ton, down 6.22% compared with 321.67 yuan/ton on December 2. The transportation in some areas is blocked, the downstream is not willing to receive goods, the enterprise’s shipment is average, and the acid enterprise’s inventory is accumulated. In order to maintain the rhythm of shipment, the price of sulfuric acid is lowered.
Monoammonium phosphate continued to rise. On December 9, the average market price of 55% powdered monoammonium phosphate was 3550.00 yuan/ton, and on December 2, the average market price of 55% powdered monoammonium phosphate was 3466.67 yuan/ton. The market price of monoammonium phosphate rose 2.40%. The winter storage market of phosphate fertilizer has been actively promoted, the operating rate of downstream compound fertilizer enterprises has increased, and the demand for raw materials has increased. In addition, the operating rate of monoammonium phosphate manufacturers is low, the market supply is tight, and the supply of goods is small. The price of monoammonium phosphate continues to rise.
Future market forecast
According to the sulfur analysts of the business community, the terminal winter storage market is progressing smoothly at present, with favorable downstream support, increased sulfur demand, tight refinery inventory, and good simultaneous market supply and demand. It is expected that the short-term sulfur market will continue to rise, with specific attention paid to the downstream follow-up.
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