Price trend

According to the price monitoring of SunSirs, the price of sulfur in East China continued to rise in the first ten days of January. The average price of sulfur was 1,300 RMB/ton on January 10, an increase of 2.36% compared with the price of 1,270 RMB/ton at the beginning of the month, and a decrease of 14.10% month-on-month.

Analysis review

The sulfur market in East China was sorted up, the domestic refinery units were operating normally, and the enterprise inventory was sufficient. In order to alleviate the inventory pressure, the sulfur refinery made profits-cutting for shipments, and the enthusiasm of the downstream to enter the market increased. In addition, some downstream replenishment in advance, the market trading atmosphere was good, and the focus of sulfur trading continues to rise. As of the 10th, the mainstream price of solid sulfur in refineries in Shandong was about 1,240-1,360 RMB/ton, and the mainstream price of liquid sulfur was 1,240-1,320 RMB/ton.

Downstream market of industrial chain

The downstream sulfuric acid market was weak and downward. As of January 10, the average price of domestic sulfuric acid was 280.00 RMB/ton, down 2.33% from the price of 286.67 RMB/ton at the beginning of the month. The operating rate of sulfuric acid in the site increased, the supply of sulfuric acid was sufficient, the downstream operation was low, the demand was weak, the shipment of sulfuric acid enterprises was poor, some operators were bearish, and the price of sulfuric acid was reduced.

The market price of ammonium biphosphate is weak and downward. On January 10, the average market price of 55% ammonium biphosphate was 3,440.00 RMB/ton. At the beginning of January, the average market price of 55% ammonium biphosphate was 3,537.50 RMB/ton, and the market price of ammonium biphosphate was reduced by 2.76%. The market demand was weakened, the transaction atmosphere was not good, the downstream takes the goods according to the demand, the purchasing enthusiasm was not high, and the market focus of ammonium biphosphate was lowered.

Market outlook

According to the sulfur analyst of SunSirs, the sulfur refinery at the supply side is currently operating smoothly, with sufficient inventory. The operators are wait-and-see, with stable price delivery mainly, and there may be stock preparation operations in the downstream before the festival. The market trading atmosphere is increased. It is expected that the sulfur market will be sorted up in the short term, and pay attention to the follow-up of the downstream.

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