Price trend

According to the price monitoring of the business community, the price of sulfur in East China fell sharply this week. The average price of sulfur on December 30 was 1270.00 yuan/ton, down 12.41% from the price of 1450.00 yuan/ton on December 24, and down 10.98% from the beginning of the month.

The sulfur market in East China is weak and declining. With the steady progress of winter fertilizer storage market, the price of ammonium phosphate is rising, the intention to purchase monoammonium phosphate in the downstream is weakening, the demand for sulfur market is declining, and the sulfur refinery is operating normally. Due to force majeure, logistics and transportation are blocked, and manufacturers’ inventory is accumulated. In order to relieve the pressure on inventory, prices are falling one after another to stimulate shipment, and the sulfur price is significantly reduced. As of the 30th, the mainstream price of solid sulfur in refineries in Shandong was about 1250-1310 yuan/ton, and the mainstream price of liquid sulfur was 1200-1250 yuan/ton.

Downstream market of industrial chain

The downstream sulfuric acid market is weak and downward. As of December 30, the average domestic sulfuric acid price was 286.67 yuan/ton, down 3.37% compared with 296.67 yuan/ton on December 24. The on-site transportation is blocked, the enterprise’s shipment is not smooth, the downstream commencement is low, the demand is low, the willingness to receive goods is not strong, the enterprise’s inventory pressure increases, the operator’s mentality is bearish, and the price of sulfuric acid decreases.

The market of monoammonium phosphate continued to decline. On December 30, the average market price of 55% powdered monoammonium phosphate was 3537.50 yuan/ton. On December 24, the average market price of 55% powdered monoammonium phosphate was 3575.00 yuan/ton. The market price of monoammonium phosphate decreased by 1.05%. The price of raw materials has declined, the cost support has weakened, and the enthusiasm of downstream for high price procurement has decreased, the demand has weakened, and the market focus of monoammonium phosphate has decreased.

Future market forecast

According to the sulfur analysts of the business community, the sulfur refinery at the supply end is running stably, with sufficient inventory, and the downstream is following up on demand, with insufficient support. The business is mainly wait-and-see, and the price is stable. It is expected that the short-term sulfur market will be wait-and-see, with specific attention paid to the downstream follow-up.