Price trend

According to the commodity market analysis system of the business community, the price of sulfur in East China continued to decline this week. On July 28, the price of sulfur was 846.67 yuan/ton, and on July 22, the price of sulfur was 876.67 yuan/ton, down 3.42%, up 18.69% from the beginning of the month.

The sulfur market in East China is weak, mainly due to the poor shipment of some refineries and the continuous reduction of sulfur prices. But overall, the sulfur market is strong. Although the on-site units operate normally, the supply of goods is stable, the downstream market has slightly improved, the terminal industry has started to increase, and the market orders have increased. The industry is optimistic about the future market. In addition to East China, there are also some sulfur manufacturers in some regions whose quotations have increased. At present, the market is cautious, The manufacturer adjusts the quotation based on their own shipment situation. As of the 28th, the mainstream price of solid sulfur in refineries in Shandong region is around 810-930 yuan/ton; The mainstream price of liquid sulfur is between 800-880 yuan/ton.

Downstream market of the industrial chain

The downstream sulfuric acid price has slightly increased. On July 28th, the average domestic sulfuric acid price was 160.00 yuan/ton, an increase of 5.26% compared to the price of 152.00 yuan/ton on July 22nd. The on-site sulfuric acid plant is operating normally, the supply of goods is stable, downstream demand has improved, enterprise shipments have increased, and the operator’s attitude is wait-and-see, resulting in a slight increase in sulfuric acid prices.

The market for monoammonium phosphate is relatively strong. On July 28th, the average market price for 55% powdered monoammonium was 2616.67 yuan/ton. On July 22nd, the average market price for 55% powdered monoammonium was 2566.67 yuan/ton, with a price increase of 1.95%. Downstream inquiries have increased, and some manufacturers have smooth shipments with strong bullish intentions. The quotation of ammonium nitrate manufacturers has been raised, and the market may continue to rise in the future.

Future Market Forecast

Business Society sulfur analysts believe that the sulfur enterprise’s equipment is operating normally, the manufacturer’s inventory is maintaining rationality, the end industry has good trading, the purchasing enthusiasm has increased, and the market inquiry atmosphere has increased. In the future, fertilizer will be used in the autumn, and the demand side is bullish. The operator’s mentality is positive, and it is expected that the sulfur market may be slightly stronger. In the future, specific attention will be paid to the downstream follow-up situation.