Price trend

According to the price monitoring of SunSirs, the price trend of sulfur in East China this week rose first and then fell. On January 13, the average price of sulfur was 1,300.00 RMB/ton, down 0.26% from the price of 1,303.33 RMB/ton at the end of last week, and down 15.22% month-on-month.

Analysis review

The sulfur market in East China was weak and sorted out. The domestic refinery units were operating normally, the enterprise inventory was sufficient, and the sulfur quotation was affected by the downstream demand. Last weekend, the downstream replenishment operation, the manufacturer's shipment was smooth, the sulfur quotation rose slightly, and the intention of the downstream replenishment was weakened at the beginning of the week. In addition, the Spring Festival holiday was approaching, some manufacturers, in order to alleviate the inventory pressure, reduced the price to promote the delivery, the sulfur quotation was reduced, and the downstream purchase followed up on demand at the later stage. Considering the cost impact, the sulfur manufacturer delivered at a stable price. As of the 13th, the mainstream price of solid sulfur in refineries in Shandong was around 1,240-1,360 RMB/ton, and the mainstream price of liquid sulfur was around 1,200-1,320 RMB/ton.

The downstream sulfuric acid market was temporarily stable. As of January 13, the average price of domestic sulfuric acid was 280.00 RMB/ton, which wa the same as the price of 280.00 RMB/ton at the end of last week. The supply of sulfuric acid was sufficient, the downstream construction was low, the demand for procurement was limited, and the market support was weak. The sulfuric acid enterprises operated at a stable price according to their own shipments.

The market price of ammonium biphosphate declined in a weak way. On January 13, the average market price of 55% powdered ammonium biphosphate was 3,387.50 RMB/ton. On January 7, the average market price of 55% powdered ammonium biphosphate was 3,450.00 RMB/ton. The market price of ammonium biphosphate was reduced by 1.81%. The enthusiasm of downstream procurement was general, the number of new orders on the market was relatively small, the trading atmosphere was poor, the focus of market transactions was downward, and the price of ammonium biphosphate was constantly falling.

Market outlook

The sulfur analyst of SunSirs believes that the Spring Festival holiday is approaching, the downstream stock is also approaching the end, and the demand for sulfur is weakening. At the same time, the performance of the terminal phosphate fertilizer market is not good, and the sulfur market is not good. It is expected that the sulfur market will be consolidated in the short term, with specific attention paid to the downstream follow-up.

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