Price data
According to the data of business associations, the domestic sulfur market price declined narrowly this week. At the beginning of the week, the average ex-factory price of granular sulfur was around 943.33 yuan/ton. At the end of the week, the average ex-factory price was about 900.00 yuan/ton. Within the week, it fell by 4.59%, down by 17.09% compared with the previous year.
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II. Market Analysis
Products: This week, the domestic sulphur market continued to be weak, the price trend was down, the contradiction between supply and demand in the market is still the same, there is no news guide inside and outside the market, there is a strong atmosphere of stalemate and wait-and-see, the enthusiasm of terminal purchasing is weak, refineries in various regions fell appropriately according to their own shipment situation within the week, by 20-70 yuan/ton. As of the 19th, the mainstream price of solid sulfur in Sinopec’s Shandong region was around 960-970 yuan/ton, while that of liquid sulfur was 770-820 yuan/ton; that of solid sulfur in North China was 750-820 yuan/ton, and that of liquid sulfur was 720-800 yuan/ton; that of solid sulfur in East China was 770-900 yuan/ton and that of liquid sulfur was 770-900 yuan/ton. The mainstream price is 770-850 yuan/ton.
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Industry chain: This week, the price trend of sulfuric acid Market in Shandong province was slightly lower. The main stream of sulfuric acid negotiations were stable, and local flexible rises and falls. On the 19th, the main distribution price of sulphuric acid in Shandong fell slightly: Heze Jiangyuan quoted 230 yuan/ton, the quotation was temporarily stable; Jinan Yuanfei quoted 450 yuan/ton, the quotation was temporarily stable; Zouping Tianlu quoted 130 yuan/ton, the quotation slightly dropped by 20 yuan/ton; Dezhou Meihua quoted 170 yuan/ton, the quotation was temporarily stable. The sulphuric acid market has a cold trading atmosphere, the customers’enthusiasm for sulphuric acid purchasing is general, the market demand is weak, the merchants’ mentality is cautious, and the sulphuric acid ex-factory price in the future is low.
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3. Future Market Forecast
Business sulfur analysts believe that the current sulfur market is still cold, the enthusiasm of on-site negotiations is weak, the atmosphere of stalemate and wait-and-see is strong, and it is expected that the short-term sulfur market will maintain a weak consolidation.