On March 31, the sulfur commodity index was 34.39, down 1.46 points from yesterday, 66.88% from 103.84 (2011-11-02), the highest point in the cycle, and 33.35% higher than 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the sulfur production price in East China fell 4.08% to 626.67 yuan / ton on December 31. The domestic sulfur market is stagnant, and the closure of India has affected the mentality of the industry. The enthusiasm of the downstream market is not high, the actual information is limited, and most of them are on-demand procurement and wait-and-see. At present, the domestic supply and demand are lack of substantive information guidance, the export of chemical fertilizer is confused, the port inventory is still at a high level, the start-up of terminal enterprises is not high, the price of purchase intention in the market is on the low side, the buyer and the seller have no intention of shipping at a low price for the time being, the negotiation between the buyer and the seller is deadlocked and wait-and-see mood is strong, the downstream follow-up is insufficient, and the performance of the sulphuric acid market is cold. Refineries in various regions in China will offer lower prices according to their own delivery conditions, Sinopec will offer lower prices of solid sulfur in East China by 30 yuan / ton, at 580-680 yuan / ton; North China will offer lower prices of liquid sulfur by 10 yuan / ton, at 400-450 yuan / ton; Sinopec Shandong will offer lower prices of liquid sulfur by 20 yuan / ton, at 410-460 yuan / ton.

Future forecast: it is expected that the domestic sulfur market will operate in a light and stable way in the short term.