SunSirs: Expected Short-term Sulfur Market to Continue at Lower Prices
April 26 2023 09:38:33Latest price of sulfur (4-24): 740.00 RMB/ton, bearish in the future
Analysis points: The average market price on April 24th decreased by 10.12% compared to April 21st. The operation of sulfur refinery units is normal, the market supply is stable, and the end industry has entered the off-season. The utilization rate of downstream production capacity is low, and the market's new orders are insufficient. Downstream demand is weak, and refinery shipments are not smooth. Operators have a pessimistic mentality, and have lowered their prices to stimulate shipments.
The trend of sulfur has significantly declined, with strong on-site supply and weak demand, and the market lacks positive news.
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