Price trend

According to the price monitoring of the business community, the sulfur price in East China rose first and then fell this week. On October 14, the average sulfur price was 1560.00 yuan/ton, up 0.65% compared with 1550.00 yuan/ton on October 8, and up 36.44% month on month.

This week, the sulfur market was put into operation. After the festival, the port arrival volume of sulfur was low, the supply of goods was tight, and the cargo holders were reluctant to sell. The market had a strong interest in price fixing. The domestic refineries had a good demand, and the enterprise shipments were smooth. The sulfur market continued to go up, and the price rose. Later, the enthusiasm of downstream market entry was weakened, and the enterprise shipments were not good. Some refineries lowered their prices slightly according to their own shipments. As of the 14th, the mainstream price of solid sulfur in refineries in Shandong was about 1500-1700 yuan/ton; The mainstream price of liquid sulfur is 1400-1650 yuan/ton.

Downstream market of industrial chain

The downstream sulfuric acid market continued to rise, and the price continued to rise this week. As of October 14, the average domestic sulfuric acid price was 406 yuan/ton, up 17.34% compared with 346 yuan/ton on October 8. In some regions of China, the pressure on the supply of goods has weakened due to the maintenance of plant equipment, and the market has increased. In addition, the price of raw materials has risen, which has provided good cost support, and the price of sulfuric acid has risen along the trend.

The market of monoammonium phosphate was weak and declined sharply. On October 14, the average price of 55% of powdered monoammonium phosphate in Sichuan was 2900 yuan/ton. On October 8, the average price of 55% of powdered monoammonium phosphate in Sichuan was 3150 yuan/ton. This week, the market price of monoammonium phosphate fell 7.94%. The downstream autumn fertilizer consumption is nearing the end, the demand is weak, the market support is weak, and the enterprise’s quotation is lowered according to its own shipment situation.

Future market forecast

The sulfur analysts of the business community believe that the domestic sulfur market is mainly reorganized. Although the port market is strong and the attitude of supporting the market is obvious, with the increase of port arrivals, the positive support is limited. The domestic sulfur market is wait-and-see, and the enterprise’s quotation is adjusted according to the status of the shipment clearance. It is expected that the short-term sulfur market will continue to wait and see, with specific attention to the downstream follow-up.