On June 23, the sulfur commodity index was 35.85, up 0.73 points from yesterday, down 65.48% from 103.84 (2011-11-02), the highest point in the cycle, and up 39.01% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the average price of sulfur production in East China is 653.33 yuan / ton, up 2.08% per day. On Tuesday, refineries in various regions adjusted their quotations according to their own shipments. The overall price fluctuation in the domestic sulfur market was relatively small. Except for the increase in the price of sulfur fixation in East China, the price of solid liquid sulfur in North China and Shandong remained stable. On March 23, Sinopec’s price of solid sulfur in East China was increased by 20-40 yuan / ton, with an offer of 630-700 yuan / ton; Sinopec’s price of solid sulfur in North China was increased by 510-610 yuan / ton; Sinopec’s price of solid sulfur in Shandong was increased by 660-670 yuan / ton.

At present, the external market news of sulfur is relatively flat, the market is not good for pulling, and the market is stable, medium and weak. In the later stage, it is still necessary to observe the release of downstream demand and the price dynamics of the external market. In the downstream, the phosphate fertilizer enterprises are stuck in operation, the domestic market performance is flat, the overall inventory pressure of the enterprises is small, the demand for fertilizer in the later autumn is good, and the price may rise.

Future market forecast: at present, the market is lack of positive pull, and the market lacks guidance of substantive news in the short term. It is expected that the domestic sulfur market will operate stably as a whole.