SunSirs: Viewpoint on Sulfur Ups and Downs on Oct. 22

Product Name: sulfur

The latest price(October 22):  693.33 RMB/ton

Analysis points:

The demand of domestic sulfur market is weak and unchanged, the high consumption of port inventory is slow, the market is quiet, the negative mood is obvious, the atmosphere of on-site negotiation is cold, and the industry is mainly waiting for the future. At present, the prices of refineries in the domestic sulfur market are appropriately increased according to their own shipping conditions. The mainstream price of solid sulfur in East China of Sinopec is about 640-710 RMB/ton; the mainstream price of liquid sulfur is about 580-680 RMB/ton, mainly for maintaining stability. Sinopec raised the price of 20 RMB/ton in North China, the mainstream price of solid sulfur was about 590-620 RMB/ton, and the price of liquid sulfur was about 560-590 RMB/ton. In Shandong area of Sinopec, the price of solid sulfur is increased by 50 RMB/ton, and the mainstream price is about 750 RMB/ton; the price of liquid sulfur is increased by 20 RMB/ton, and the mainstream price is about 590-670 RMB/ton.

Market outlook

At present, the supply and demand of domestic sulfur market has not improved, the port inventory is high, the negotiation atmosphere is cold, and the market is dominated by negative emotions. The operators wait and wait for the information guidance, and it is expected that the sulfur market will be mainly sorted and operated in the later period.

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