Product Name: sulfur
The latest price (November 19)：640.00 RMB/ton
Analysis points:
The domestic sulfur market continues to decline, the downstream demand performance is weak and unchanged, the port inventory continues to increase, the consumption is slow, the on-site negotiation atmosphere is cold, the market performance is quiet, the negative sentiment is obvious, and the operators are stuck in the future market. On September 19, the prices of refineries in the domestic sulfur market were properly adjusted according to their own delivery conditions. Sinopec's solid and liquid sulfur prices in East China were simultaneously reduced by 50 RMB/ton, and the mainstream price of solid sulfur was 520-660 RMB/ton; the mainstream price of liquid sulfur was 470-630 RMB/ton. Sinopec's market in North China is temporarily stable, with the main price of solid sulfur at about 590 RMB/ton and the price of liquid sulfur at 510-540 RMB/ton. The price of solid sulfur in Shandong area of Sinopec is reduced by 30 RMB/ton, and the mainstream price is about 700 RMB/ton; the price of liquid sulfur is temporarily stable, and the mainstream price is 520-600 RMB/ton.
Market outlook
At present, the domestic sulfur market continues to fell, the contradiction between supply and demand is still exists, the port inventory increases, the consumption is slow, the market is dominated by negative emotions. The industry is bearish on the future market, and the negotiation atmosphere is cold. After the phosphorus and compound fertilizer industry meeting held last week, the market remained quiet, and the market lacked information guidance, and the demand remained unchanged. It is expected that the sulfur market will be weak and put into operation.
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