Latest price of sulfur (August 14th): 1013.33 RMB/ton, to be sorted out in the future

Key points of analysis: The domestic sulfur market is operating strongly, with prices rising significantly. On August 14th, the price increased by 4.11% compared to the previous working day. The operation of the refinery facilities on site is average, and the supply of goods is tight. The demand for downstream phosphate fertilizer increases, and prices continue to rise. The sulfur market has a positive attitude, and downstream purchases are active. Refinery shipments are smooth, and some enterprises are reluctant to sell and push up on weekends. The sulfur market price has been increased by 30-50 RMB/ton. From the perspective of supply and demand performance, downstream prices are bullish, providing good support for sulfur, and there is currently no pressure on on-site supply.

Future forecast: It is expected that the short-term sulfur market will be stronger and will be consolidated and operated.

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