Price trend

According to the commodity market analysis system of Shengyishe, the sulfur price trend in East China has slightly increased this week. On March 24th, the sulfur price was 1046.67 yuan/ton, an increase of 0.64% compared to the sulfur price of 1040.00 yuan/ton on March 18th, and a month on month increase of 1.95%.

This week, the sulfur market has seen an upward trend. Some refineries in Shandong region have undergone maintenance and reduced loads, resulting in low inventory levels among manufacturers and a tight supply of goods in the market. Downstream suppliers have shown good enthusiasm for entering the market and purchasing, with smooth enterprise shipments and slight price increases. As of the 22nd, the mainstream price of solid sulfur in refineries in Shandong region is around 980-1100 yuan/ton; The mainstream price of liquid sulfur is between 980-1110 yuan/ton.

Downstream market trends in the industrial chain

The downstream sulfuric acid market has risen strongly, with an average domestic sulfuric acid price of 291.25 yuan/ton on March 24th, an increase of 9.39% compared to the price of 266.25 yuan/ton on March 18th. The production of on-site enterprises is stable, and downstream demand is relatively stable. In some areas, downstream procurement is active, and the shipment of enterprises is smooth. The market transaction center has increased. At the same time, on-site equipment has maintenance plans, and the expected supply in the future is reduced, which is to some extent favorable for the atmosphere of the sulfuric acid market. The price of sulfuric acid has risen.

The downstream market for ammonium phosphate remained stable, with an average market price of 55% powdered ammonium phosphate at 3130.00 yuan/ton on March 24th, unchanged from the price of 3130.00 yuan/ton on March 18th. Downstream consumption of monoammonium phosphate is relatively weak, and the procurement of raw materials is average. The follow-up of new market orders is limited, and the manufacturer’s quotation runs smoothly with the support of pending orders.

Future Market Forecast

The sulfur analyst from Business Society believes that the current sulfur market supply continues to improve, with downstream product prices rising and procurement enthusiasm being good, which has a positive impact on the market trading atmosphere. It is expected that the sulfur market will rise in the future, and specific attention will be paid to downstream follow-up.