Product name: Sulfur
Latest price: On August 14th, the average sulfur price in East China was 1,013.33 RMB/ton, an increase of 4.11% compared to the previous working day's price of 973.33 RMB/ton.
Analysis review
The domestic sulfur market was operating strongly, with prices rising significantly. The operation of the refinery facilities on site was average, and the supply of goods was tight. The demand for downstream phosphate fertilizer increased, and prices continued to rise. The sulfur market had a positive attitude, and downstream purchases were active. Refinery shipments were smooth, and some companies were reluctant to sell and pushed up on weekends. The sulfur market price was increased by 30-50 RMB/ton.
Market outlook
From the perspective of supply and demand performance, downstream prices were bullish, providing good support for sulfur. There was currently no pressure on on-site supply, and it is expected that the sulfur market will be stronger in the short term.
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