Price data
According to the data from the business associations’list, the domestic sulfur market fell this week, with the average price of granular sulfur leaving the factory at the beginning of the week at about 1133.33 yuan/ton, and the average price of granular sulfur leaving the factory at the weekend at about 113.33 yuan/ton, with a drop of 1.76% in the week.
II. Market Analysis
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Products: This week, the sulfur market is mainly weak, and some factories have finished replenishing goods. Businessmen are watching rationally and the market is quiet. At the beginning of the week, refineries in various regions in China adjusted their prices according to their own shipments. The price of sulphur in Shandong area of Sinopec was reduced by 30 yuan/ton, the mainstream price of solid sulphur was 1160-1170 yuan/ton, the mainstream price of liquid sulphur was 1030-1120 yuan/ton, the mainstream price of sulphur in North China was lowered by 10-30 yuan/ton, the mainstream price of solid sulphur was 1000-1060 yuan/ton, and the mainstream price of liquid sulphur was 960-1060 yuan/ton. 。
Industry chain: The price of downstream sulphuric acid fell, with 377.50 yuan/ton at the beginning of the week and 352.50 yuan/ton at the end of the week, with a drop of 6.62% in the week. This week, the bromine market has been running steadily and the average price of bromine has remained around 34954.55 yuan/ton in the week, up 26.58% from the same period last year. In the short run, the sulfuric acid market is not very volatile. Considering the arrival of centralized maintenance plan for sulfuric acid enterprises, the market supply is reduced, and the price is likely to rise flexibly. It will also adjust flexibly for the upstream sulfur market.
3. Future Market Forecast
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Sulphur analysts from the business society chemical branch believe that with the convening of the industry meeting, the market performance is quiet and trading is limited, the current market price trend is running smoothly, and refineries around the country perform generally. In the short run, the sulphur market will continue to be weak.
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