Price trend

According to the price monitoring of SunSirs, the price trend of sulfur first rose and then fell in April, and the market situation was strong. As of April 29, the average ex factory price of sulfur market in East China was 3586.67 RMB/ton, an increase of 5.91% in the month compared with 3386.67 RMB/ton at the beginning of the month.

In April, the domestic sulfur market was strong, and the price rose during the month. Domestic refineries were overhauled and there was no pressure on enterprise inventory. In the early stage, the downstream sulfuric acid market was supported, and the demand for liquid sulfur increased. In addition, the shortage of port spot and high price supported the domestic sulfur fixation price. The quotation of on-site traders continued to rise. At the end of the month, the downstream sulfuric acid market was weak, the support for sulfur decreased, the logistics in Shandong was limited, the enterprise shipment was difficult, and the sulfur price decreased slightly.

Downstream market of industrial chain

The market of downstream sulfuric acid rose first and then fell in April. The price rose at 1133.33 RMB/ton at the beginning of the month and 1168.33 RMB/ton at the end of the month, an overall increase of 35 RMB/ton, an increase of 3.31% in the month. During the month, the mainstream domestic sulfuric acid manufacturers produced at low load and had less inventory. The downstream purchase fell compared with the previous month. The enterprise's shipment was ok, the quotation increased according to the trend, and the market was strong in the month.

In terms of phosphate fertilizer, the market in April was stable and good, the market price of Monoammonium continued to rise, the enterprise has sufficient waiting volume, and the market is strong at a high level; The diammonium market has been sorted out at a high level, the price trend has increased slightly, the supply of diammonium is tight, the downstream is purchased on demand, the on-site trading is OK, and the traders operate with caution. The demand of phosphate fertilizer enterprises is stable, and the market of ammonium phosphate is dominant on the whole.

Future forecast

According to the sulfur analyst of SunSirs, from the perspective of supply and demand performance, there is no pressure on the inventory of refineries in the domestic region, the downstream demand is good, and the market supply is short of demand. However, due to the impact of the epidemic, the transportation is limited, and the on-site trading is weakened. The short-term sulfur aftermarket situation is waiting to be sorted out, or it may rise, so we pay specific attention to the market transaction situation.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.