Price trend

On April 14, the sulfur commodity index was 32.92, down 1.47 points from the former day, 68.30% from 103.84 (2011-11-02), and 27.65% higher than 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

Analysis review   

According to the price monitoring of SunSirs, the sulfur production price in East China on the 14th was 600 RMB/ton, a decrease of 4.26%.Last week, the domestic sulfur market showed a cold performance, the enthusiasm of the downstream market procurement was not high, the port inventory was high, and the consumption was slow. In the end of the spring ploughing with fertilizer, the export of phosphate fertilizer was not clear, the market stalemate and wait-and-see atmosphere was strong, and the attitude of the industry towards the future market was unstable. At present, the domestic supply and demand performance is stagnant, the downstream follow-up is insufficient, the trading atmosphere of the sulphuric acid market is sluggish, and the supply and demand in the market lacks the guidance of substantive information, so the buyer and the seller have different forecasts for the future market. On April 14, refineries in various regions in China adjusted their prices according to their own shipments. Sinopec Zhenhai Petrochemical reduced liquid sulfur by 30 RMB/ton, and Jinling Petrochemical reduced solid sulfur by 30 RMB/ton. The quotation of solid sulfur in East China is 570-680 RMB/ton, and the quotation of liquid sulfur is 510-600 RMB/ton; the quotation of Sinopec in North China is temporarily stable; the quotation of solid sulfur in Shandong area of Sinopec is reduced by 20-30 RMB/ton, and the quotation is 610-620 RMB/ton.

Market outlook

The weak domestic sulfur market is expected to stabilize in the short term.

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