Price trend

On June 30, the sulfur commodity index was 90.17, which was the same as previous day. It was 13.16% lower than the highest point in the cycle of 103.84 points (2011-11-02), and 249.63% higher than the lowest point of 25.79 points on February 24, 2020. (Note: Period refers to 2011-09-01 to present)

According to the price monitoring of SunSirs, the price of sulfur in East China remained stable on the 30th, and the average price of sulfur production was 1,643.33 RMB/ton.

Analysis review                                            

The domestic sulfur market was operating steadily, and refineries in various regions made quotations based on their own shipments. The mainstream price of solid sulfur in Sinopec East China was 1,670—1,730 RMB/ton; the mainstream price of solid sulfur in Sinopec North China was 1,470-1,600 RMB/ton; The mainstream price of sulfur solid sulfur in Shandong area of Sinopec was 1,620-1,640 RMB/ton.

The downstream phosphate fertilizer inventory was acceptable, the spot market had no intention of low-price shipments, and domestic and export orders performed well, which had better support for sulfur.

Market outlook

At present, the inventory of domestic refineries is low, and traders enter the market to purchase on demand. Due to the strong external prices, the mentality of the insiders is better. It is expected that the sulfur market will continue to run firmly in the future, and the specific trend needs to be paid attentions to the downstream follow-up.

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