According to the price monitoring of business news agency, the price of sulfur in East China was stable this week. The average price of sulfur production at the weekend was 1490.00 yuan / ton, which was stable compared with that at the beginning of the week, with an increase of 8.50% compared with that at the beginning of the month of 1373.33 yuan / ton.

This week, the domestic sulfur market is mainly on the wait-and-see basis. The inventory of domestic refineries in various regions remains low, the market sulfur price is high and firm, the downstream plants are less enthusiastic in purchasing, the quotation of domestic refineries is basically stable, and the shipment is acceptable. During the week, refineries in various regions of China made big steady and small moves, with the exception of Sinopec’s solid sulfur price increase of 20 yuan / ton in East China, the overall market quotation was stable. As of the 21st, the regional price of sulfur in China is as follows:

21 March 2005

Sulfur (particle) 1430-1490 yuan / ton in East China

Sulfur (particle) 1380-1470 yuan / ton in North China

Sulfur (particle) 1500-1530 yuan / ton in Shandong Province

In the downstream phosphate fertilizer market, the prices of monoammonium phosphate and diammonium phosphate have been running smoothly, and the export has continued to improve with high prices. In addition, the market demand is optimistic with good support due to the approaching of spring ploughing fertilizer, and the future market has risen slightly. In terms of sulfuric acid, the market went up during the week, the export of sulfuric acid was good, the domestic supply was tight, and the upstream and downstream market was favorable. With the promotion of various factors, the price of sulfuric acid was increased, and the later sulfuric acid market may rise slightly.

Sulfur analysts of business news agency believe that at present, domestic refinery inventory remains low and market price is firm and stable, but downstream demand is weak, trading is weak, and most of them purchase on demand. Moreover, this week’s market price is multi-dimensional and stable, with little upward momentum. In the short term, sulfur market will wait and see to sort out and pay attention to downstream follow-up.