Price data

According to the data from the business associations’list, the domestic sulfur market declined in January. At the beginning of the month, the average price of domestic granular sulfur was about 18,500 yuan/ton. At the end of the month, the average price of domestic granular sulfur was about 14,066.67 yuan/ton. The average price of domestic granular sulfur dropped 23.96% in the month, 53.58% compared with the same period last year.

II. Market Analysis

Products: The domestic sulphur market rose first and then fell in January. Influenced by the spot market in Hong Kong, the mainstream port stock is not high, the market is supported by a small amount, the trader’s price-fixing mentality is obvious, the willingness to make profits and deliver goods is not strong, and downstream buyers are mainly on the lookout. In the early period, it rose slightly, but in the later period, it fell as a whole. As of January 31, the mainstream quotation of solid sulfur is between 1050 and 1410 yuan/ton, and liquid sulfur is between 1150 and 1350 yuan/ton.

Industry Chain: In January, the domestic bromine market in the downstream maintained stable operation, with a slight increase of 1.15% in the month and a sharp increase of 18.61% over the same period last year. After winter, the domestic bromine market has been operating at a low level for a long time, and the stock of enterprises has been exhausted. Most enterprises stop until the end of February and the beginning of March. The market turnover is flat and the price of bromine is stable.

Industry: Domestic refineries maintain low inventory operation before the festival. Local refineries maintain stable prices until after the Spring Festival. Local refineries still have downward space, which is difficult to support the mindset of the operators. In the short run, the trend of vulnerable consolidation in Sulfur City is hard to change.

3. Future Market Forecast

With the approaching of the Spring Festival, demand is further weakening. Negotiations on internal and external markets lack information guidance, and on-site stalemate dominates. Sulphur analysts at business associations believe that the price of sulphur will continue to be stable in the near future.