According to the data from the business associations’list, the domestic sulfur market price was temporarily stable this week. At the beginning of the week, the average domestic granular sulfur ex-factory price was about 103.33 yuan/ton. At the weekend, the average domestic granular sulfur ex-factory price was about 103.33 yuan/ton. The price was stable during the week, down 1.88% from the same period last year.
II. Market Analysis
Products: This week, the sulphur market performance is flat, terminal enterprises have low interest in purchasing, and lack of information guidance on the site, the atmosphere of negotiations is light. Domestic refineries in various regions operate smoothly, the performance of supply and demand is not obvious, the operators are more cautious to negotiate, the market is mainly based on consumption inventory, the price has not changed significantly. As of 8 th, the price of sulphur in Shandong area of Sinopec is stable, the mainstream price of solid sulphur is 1130-1170 yuan/ton, the mainstream price of liquid sulphur is 160-1120 yuan/ton; the price of sulphur in North China of Sinopec is stable, and the mainstream price of solid sulphur is The price is 940-1080 yuan/ton and the mainstream price of liquid sulfur is 960-1100 yuan/ton.
Industry chain: The downstream sulphuric acid market is stable and small, and the market price is flexible. At the beginning of the week, the price is 393.33 yuan/ton. At the end of the week, the price is 386.67 yuan/ton. Within the week, the price of bromine declines by 1.69%. This week, the market price of bromine is stable, with a price of 35000.00 yuan/ton at the beginning of the week and a price of 35000.00 yuan/ton at the end of the week.
3. Future Market Forecast
Sulphur analysts from the business cooperative chemical branch believe that from the current market, there is no news guide, downstream buyers with insufficient documentation mainly to consume, limited demand, short-term view of the sulfur market narrow consolidation.