Price trend

According to the price monitoring of SunSirs, the average sulfur price in East China on the 22nd was 3,863.33 RMB/ton, down 0.26% from previous day. The quotations of enterprises were stable with small adjustment, and the sulfur quotations of individual refineries were slightly lowered by 30 RMB/ton, and the prices of other refineries were temporarily stable.

Analysis review

Domestic sulfur quotations were high, and there was resistance in the downstream. Some industry players purchased at low prices when they entered the market. The pressure of high-priced sulfur increased. In addition, the downstream sulfuric acid market was weak and the demand was limited. In order to maintain the pace of shipments, domestic refineries lowered their quotations, and the overall market atmosphere was stalemate and wait-and-see.

Market outlook

In the short term, the sulfur market will wait and see, and the price may be lowered. Please pay attention to the downstream follow-up situation.

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