I. price trend

According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China at the beginning of the week was 676.67 yuan / ton, while the average ex factory price at the weekend was 640.00 yuan / ton, down 36.67 yuan / ton, down 5.42%, 54.61% compared with last year.

II. Market analysis

Product: this week, the domestic sulfur market continued to be weak, the downstream demand was sluggish, the terminal purchase enthusiasm was weak, the external support was weak, the port inventory continued to increase, the consumption was slow, the industry was bearish on the future market, the market wait-and-see mood remained unchanged, and the negotiation atmosphere was cold. At present, the mainstream price of solid sulfur in East China market is 520-660 yuan / ton, and the mainstream price of liquid sulfur is 470-630 yuan / ton; the mainstream price of solid sulfur in Shandong market is about 700 yuan / ton, and the mainstream price of liquid sulfur is 520-600 yuan / ton; the mainstream price of solid sulfur in North China market is 590 yuan / ton, and the mainstream price of liquid sulfur is 510-540 yuan / ton.

Industrial chain: the downstream sulfuric acid market behaves in a differentiated operation, with market ups and downs showing each other. The supply of smelting acid in Shandong Province is increasing, the acid price is greatly reduced, and some acid enterprises are flexible to increase according to the inventory. Affected by the environmental protection and transportation inspection, the transportation is inconvenient, and the prices in Henan, Shanxi and other places are lower. In North China, the peak shifting production orders were issued in many heating seasons. In addition, the demand follow-up was insufficient. The sulfuric acid market was still weak in terms of supply, and the support of market good news was limited. It is expected that the price market will be sorted out and operated.

Industry: according to the price monitoring of the business agency, in the 46th week of 2019 (11.18-11.22), there are 19 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are 2 kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are isopropanol (9.31%), acetone (6.28%) and acrylic acid (3.24%). There are 26 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.5% of the number of commodities monitored in this sector; the top 3 products falling are caustic soda (- 11.61%), epichlorohydrin (- 8.58%) and sulfur (- 5.42%).

III. future forecast

According to the sulfur analysts of the business association, at present, the sulfur market continues to consolidate its weakness, lacks the guidance of substantive information on the market, and has a strong wait-and-see mood. In the absence of obvious changes in the supply and demand situation, the short-term sulfur market is expected to maintain its weakness and stability.