On June 9, the sulfur commodity index was 34.02, up 3.48 points from the former day, down 67.24% from 103.84 (2011-11-02), the highest point in the cycle, and up 31.91% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of SunSirs, the domestic sulfur market quotation on the 9th was raised overall, and the sulfur production price in East China was 620 RMB/ton, a single-day increase of 11.38%. On Tuesday, domestic refineries adjusted prices based on their own shipments. Sinopec's sulfur price in East China was raised by 20-30 RMB/ton, solid sulfur was quoted at 590-680 RMB/ton, and liquid sulfur was quoted at 530-650 RMB/ton; Sinopec's quotation of solid-liquid sulfur in North China was raised by 30 RMB/ton simultaneously; the price of Sinopec's sulfur in Shandong region was increased by 80-90 RMB/ton, and the price of solid sulfur was 630-640 RMB/ton.

At present, domestic sulfur stocks are low, supply is decreasing, and market quotations are steadily increasing. On the downstream side, factories mainly purchase on demand, and phosphate fertilizer export performance is acceptable. In the short term, the market lacks substantive news guidance, and trading is cautious. Industry players mainly watch the performance of domestic fertilizer use in the autumn.

Future market forecast: It is expected that the domestic sulfur market will remain stalemate in the short term.

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