Price trend

According to the commodity market analysis system of Business Society, the sulfur price trend in East China continued to rise in mid December. On December 20th, the sulfur price was 1113.33 yuan/ton, an increase of 5.03% compared to December 21st, which was 1060.00 yuan/ton, and a month on month increase of 6.03%.

In mid December, the sulfur market operated strongly, with good demand from the main downstream factories in Shandong region during the cycle and a high intention to purchase goods. The market trading atmosphere was positive, and refinery shipments were smooth. Inventory maintained a low level of operation, and the market supply was tightened. The supplier’s mentality was optimistic, and the refinery’s quotation based on its own shipment and inventory situation was firm and rising. As of the 20th, the mainstream price of solid sulfur in refineries in Shandong Province was around 1070-1150 yuan/ton; The mainstream price of liquid sulfur is between 1070-1210 yuan/ton.

Downstream market trends in the industrial chain

The downstream sulfuric acid market is operating weakly and steadily. On December 20th, the daily average price of domestic sulfuric acid was 282.00 yuan/ton, which is unchanged from the price of 282.00 yuan/ton on December 11th. Some companies on the market have increased their inventory and increased their willingness to ship, but downstream demand is limited and the market trading atmosphere is weak. Sour acid companies have performed poorly in their shipments, while raw material prices have risen and cost support is good. Sulfuric acid prices are mainly stable.

During the cycle, the downstream ammonium phosphate market remained stable, with an average market price of 55% powdered ammonium phosphate at 3466.67 yuan/ton on December 20th, a decrease of 0.95% compared to the price of 3500.00 yuan/ton on December 11th. Terminal fertilizer has entered the off-season, downstream demand has weakened, and market inquiries have decreased. Although enterprises currently have support from pending orders, as the volume of pending orders decreases, later support weakens, and the price of ammonium has slightly decreased.

Future Market Forecast

The sulfur analyst from Business Society believes that the sulfur refinery equipment is operating normally, the market supply of goods remains rational, the inventory of manufacturers is not under pressure, and the demand in the end market is weakening. Downstream procurement follows up on demand, and the demand side support is still acceptable. Under the supply-demand game, it is expected that the sulfur market will be observed and sorted out in the future, and specific attention will be paid to downstream follow-up in the future.