According to the Commodity Market Analysis System of Business Society, sulfur prices in East China fluctuated in December. On December 29th, the average ex factory price of sulfur in the East China region was 1066.67 yuan/ton, an increase of 0.63% compared to the average ex factory price of 1060.00 yuan/ton at the beginning of the month.

This month, the sulfur market in East China has been fluctuating, with weak trading in the terminal market. Downstream and trading demand has continued to be weak, resulting in limited sulfur procurement. The fluctuation of sulfur prices is mostly affected by changes in market supply. In the first half of the year, refinery inventories remained low, downstream demand was average, market supply and demand were relatively balanced, and sulfur prices remained stable; In the middle of the month, the Shandong region was affected by the weather, and it was unable to unload goods on time upon arrival at the port. As a result, the market supply of goods has tightened, and the price of sulfur has risen slightly; In the latter half of the year, some refineries in Shandong region experienced a load increase, leading to an increase in factory inventory and a strong intention to discharge inventory. However, due to insufficient downstream follow-up, sulfur prices continued to decline.

The downstream sulfuric acid market continued to decline in December, with a market price of 302.00 yuan/ton at the beginning of the month and 274.00 yuan/ton at the end of the month, a decrease of 9.27% within the month. Mainstream sulfuric acid manufacturers have shown sufficient supply performance within the month, with strong shipping intentions from enterprises and weak downstream demand. They mainly focus on digesting early inventory, limited procurement of sulfuric acid, and insufficient shipments from acid companies, resulting in a weak downward trend in sulfuric acid prices.

The market trend of ammonium phosphate in December has been consolidating and declining, with a weakening of the terminal phosphate fertilizer market, a decrease in downstream procurement inquiries, insufficient follow-up of new orders, increased sales pressure on manufacturers, and weak price reductions. As of December 29th, the average market price of 55% powdered ammonium phosphate is 3370.00 yuan/ton, which is a 3.71% decrease from the average price of 3500.00 yuan/ton on December 1st.

In the future market forecast, sulfur analysts from Business Society believe that sulfur enterprises are operating normally, market supply is stable, terminal procurement is weakening, downstream factories and traders follow up as needed, market trading atmosphere is weak, and there is a lack of effective support on the market. Under the supply-demand game, it is expected that the sulfur sulfur market will be weak and consolidate in the later stage.