Price trend
According to the price monitoring of SunSirs, the price trend of sulfur in East China continued to rise this week. The average price of sulfur on December 9 was 1,513.33 RMB/ton, up 4.37% compared with 1,450.00 RMB/ton on December 3, and up 13.78% month on month.
Analysis review
The sulfur market in East China was sorted up, the terminal winter fertilizer storage market was actively promoted, the downstream demand for sulfur increased, the refinery shipments were smooth, the inventory was low, and the sulfur quotation continued to rise. As of September 9, the mainstream price of solid sulfur in refineries in Shandong was about 1,430-1,680 RMB/ton, and the mainstream price of liquid sulfur was 1,380-1,550 RMB/ton.
Downstream market of industrial chain
The downstream sulfuric acid market was weak. As of December 9, the average price of domestic sulfuric acid was 301.67 RMB/ton, down 6.22% compared with the price of 321.67 RMB/ton on December 2. The transportation in some areas was blocked, the downstream was not willing to receive goods, the enterprise's shipment was average, and the acid enterprise's inventory was accumulated. In order to maintain the rhythm of shipment, the price of sulfuric acid was lowered.
Ammonium biphosphate continued to rise. On December 9, the average market price of 55% powdered ammonium biphosphate was 3,550.00 RMB/ton, and on December 2, the average market price of 55% powdered ammonium biphosphate was 3,466.67 RMB/ton. The market price of ammonium biphosphate rose 2.40%.The winter storage market of phosphate fertilizer was actively promoted, the operating rate of downstream compound fertilizer enterprises increased, and the demand for raw materials increased. In addition, the operating rate of ammonium biphosphate manufacturers was low, the market supply was tight, and the supply of goods was small. The price of ammonium biphosphate continued to rise.
Market outlook
According to the sulfur analysts of SunSirs, the terminal winter storage market is progressing smoothly at present. The downstream support is favorable, the demand for sulfur is increasing, in addition, the refinery inventory is tight, and the market supply and demand are favorable at the same time. It is expected that the sulfur market will continue to rise in the short term, with specific attention paid to the downstream follow-up.
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