According to the data of business associations, the market price of sulphur in East China declined narrowly this week. At the beginning of the week, the average price of granular sulphur was 810 yuan/ton. At the end of the week, the average price of granular sulphur was 790 yuan/ton. The average price of granular sulphur dropped 20 yuan/ton, a decline of 2.47%, 27.23% compared with the same period last year.
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II. Market Analysis
Products: This week, the domestic sulphur market continued to be weak, and the price fell sharply. Within the week, refineries in various regions continued to decline according to their own shipments. As of the 16th, the mainstream price of solid sulfur in Sinopec’s Shandong region was about 840-850 yuan/ton, the mainstream price of liquid sulfur was 680-740 yuan/ton, and the price was reduced by 30 yuan/ton; the mainstream price of solid sulfur in North China was 650-700 yuan/ton, the mainstream price of liquid sulfur was 620-660 yuan/ton, and the price of solid and liquid sulfur was reduced by 30 yuan/ton simultaneously. The mainstream price of solid sulfur in the eastern region is 680-740 yuan/ton, while the mainstream price of liquid sulfur is 660-730 yuan/ton, which is temporarily stable compared with last week’s price.
Industry chain: The price trend of downstream sulfuric acid Shandong market fell slightly this week. The quotation was lowered from 225 yuan/ton at the beginning of the week to 217.50 yuan/ton at the end of the week, falling by 7.50 yuan/ton, or 3.33%, 50.57% compared with the same period last year. This week, the domestic sulfuric acid market continued to be depressed. The prices of some sulfuric acid factories in Shandong fell slightly, the inventory of the factories was small, and the downstream demand was small. This week, Zibo and Weifang in Shandong Province were affected by Typhoon “Lichma”. Some sections of roads were seriously flooded, and some acid enterprises took advantage of the situation to stop work and repair. The contradiction between supply and demand in downstream acid market is obvious, and the support for sulphur is limited.
Industry: At present, the domestic sulphur market demand performance is low, there is no news guide inside and outside, the negotiation atmosphere is cold, the enthusiasm of terminal purchasing is weak, under the lack of information guidance in the market and weak buyer’s intention, the market wait-and-see atmosphere is strong, and the hollow state of the industry is obvious.
3. Future Market Forecast
Business sulfur analysts believe that the current sulfur market lacks information support, the enthusiasm of on-site negotiations is weak, the mindset of operators is mainly impasse and wait-and-see, and the short-term sulfur market is expected to be vulnerable to consolidation.