Monthly Archives: August 2019

Prices of paraformaldehyde remained stable this week (8.19-8.23)

I. Price Trend Chart of Polyformaldehyde Market

Price Curve of Polyformaldehyde

(Photo Source: Business Association Commodity Analysis System)

According to the monitoring of business associations, the average price of polyformaldehyde in Shandong province was 4866 yuan/ton this week, and the price was stable for the time being.

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II. Market Analysis

Products: Shandong Aldehyde Industry Chemical Co., Ltd., with an annual output of 30,000 tons of polyformaldehyde, the price of polyformaldehyde (96) is 4800 yuan/ton with tax, and the price is stable. Linyi Shengyang Chemical Co., Ltd. produces 9000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 4800-4900 yuan/ton with tax. The price is stable for the time being. Weifang Xudong Chemical Co., Ltd. produces 20,000 tons of polyformaldehyde per year. The price of polyformaldehyde (96) is 5,000 yuan/ton with tax, and the price is stable for the time being. Influenced by environmental inspection factors, most manufacturers have stopped production, and their quotations are slightly firm.

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Industry chain: The price of methanol on August 22 is mostly stable, and the downstream demand of polyformaldehyde is general.

3. Future Market Forecast

To sum up, the analysts of polyformaldehyde in business associations believe that the market of polyformaldehyde will run smoothly in the short term.

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The formaldehyde market remained stable this week (8.19-8.23)

Price Trend

 

Shandong formaldehyde market remained stable this week, with an average price of 1166.67 yuan per ton. Current prices have fallen by 23.50% compared with last year, according to the Commodity List of Business Associations.

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II. Market Analysis

Products: Domestic formaldehyde market price is stable. At the weekend, Hebei mainstream factory quotation is about 1030 yuan/ton, South China mainstream factory quotation is about 1150 yuan/ton, Shandong mainstream factory quotation is about 1080 yuan/ton, Jiangsu mainstream factory quotation is 1100 yuan/ton. Shandong Linyi Galaxy produces 120,000 tons of formaldehyde annually, and the content of formaldehyde is 36.7-37%. The market supply of formaldehyde is general, and the price of formaldehyde is stable.

Industry chain: The upstream methanol market is affected by high port inventory, and the actual demand is difficult to digest in a short time. The price at the beginning of the week is 2226.00 yuan/ton, and at the end of the week is 2190.00 yuan/ton, a decline of 1.58%. No cost support for formaldehyde, formaldehyde manufacturers temporarily wait and see, the market atmosphere is cold, downstream plate enterprises maintain just need to purchase, on-site trading is more cautious, formaldehyde prices remain stable.

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3. Future Market Forecast

In recent days, the upstream methanol market has fallen under the pressure of port inventory, and the cost support is weak. The downstream market is affected by environmental protection inspection. In some areas, small and medium-sized plate enterprises start to decline or even shut down completely. Insufficient demand leads to the overall market turnover is light. Therefore, formaldehyde analysts of the business society chemical branch expect that the domestic formaldehyde price will be weaker in the near future.

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China’s domestic propylene (Shandong) market “V” volatility (8.17-8.23)

Price Trend

 

According to the data of business associations, the domestic propylene (Shandong) market price has gone out of a “V” trend in recent days, and this week has gone out of an upward trend of oscillation. At the beginning of the week, the average price of enterprises was 7,435 yuan per ton, while on Thursday and Friday, the average price of enterprises was stable at a weekly high of 7,606 yuan per ton, with a weekly increase of 2.31%. On Saturday (August 17), propylene prices were 7,672 yuan per ton, falling by 3.09% on weekends and 0.85% on seven days.

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II. Analytical Review

Products: The price of propylene enterprises in Shandong Province maintained stable in early August, declined continuously from 5 days to 8 days, declined 450-500 yuan/ton, rebounded on 10 days, rose 200 yuan/ton on 14 days, stabilized on 15 days, began to decline sharply on 17 days, went 300 yuan/ton on three days, rebounded on 20 days and rebounded 150 yuan on 22 days./ About a ton, today’s stability, the current market turnover in the 7550 ~ 7700 yuan / ton, the mainstream price is about 7550 yuan / ton. The supply of goods in Northeast China has decreased this week, but refineries have plenty of supplies and shipments are smooth.

Industry chain: Upstream, affected by the international situation, the international crude oil market fluctuated sharply last week, with a sharp downward trend and a steady rebound in the later period. Now, the impact on propylene is relatively small. On the downstream side, the profit margin of the factory is still acceptable and the purchasing enthusiasm is good. This week, polypropylene futures prices have declined, spot prices have also declined, business start-up rate has declined, parking maintenance devices are more, the recent trend of PP is likely to continue to clean up and run, with little impact on propylene; acrylic acid prices have increased, but the overall downstream demand is general, more wait-and-see mentality, is expected to remain stable in the near future or will remain stable. The fixed operation has little effect on propylene, while the price of propylene oxide has little effect on propylene, and the overall price of epichlorohydrin has not moved up after the downturn, which has no pressure on the propylene market; while the price of n-butanol has continuously increased, with a 7-day increase of 4.69%, which is favorable to the propylene market; and the price of isooctanol has slightly decreased. After the recovery, the market is bullish, propylene also has a positive impact.

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3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that in general, the recent international crude oil market is unstable, with a slight pullback, the PP spot market is relatively stable, the acrylic acid market is mainly on the horizon, propylene oxide is slightly up-regulated, epichlorohydrin is generally stable, butanol market is rising, the overall downstream profit margin is still available, procurement Propylene prices are expected to continue to rise in the near future.

http://www.lubonchem.com/

Cyclohexanone market narrowly upward (8.19-8.23)

Price Trend

The domestic market of cyclohexanone rose narrowly this week. According to the monitoring data of business associations, the average price of domestic producers of cyclohexanone was 7966 yuan/ton at the beginning of the week and 8033 yuan/ton at the end of the week, with an increase of 0.84% and a decrease of 3.21% annually over the same period of last year, and a decrease of 35.73% over the same period of last year.

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II. Market Analysis

Product: Cyclohexanone market is steadily rising this week. The price of pure benzene of Sinopec increased by 100 yuan/ton to 5200 yuan/ton by spot withdrawal. Hydrobenzene is also rising, and the cost is well supported. Cyclohexanone factory spot is not much, some factories are not exported, the overall spot supply is tight, downstream chemical fiber market has a certain demand, to support the market of cyclohexanone slightly, traders follow the rise, the market trading atmosphere is still acceptable. Within a week, the ex-factory price of cyclohexanone was raised by 300 yuan/ton to 8200 yuan/ton, which is about 300 yuan/ton higher than the ex-factory price last week. Huafeng’s newly commissioned cyclohexanone plant has not been exported for the time being, and has not yet had a significant impact on the market. In terms of price, the mainstream negotiation in Shandong market is 8300-8400 yuan/ton cash delivery, the mainstream negotiation in East China market is 8500-8700 yuan/ton cash delivery, and the mainstream negotiation in South China market is 8700-8800 yuan/ton cash delivery.

Industry chain: raw materials, pure benzene, pure benzene prices rose this week. The unplanned shutdown and delayed restart of some large-scale installations within the week resulted in a reduction in outflow. While the arbitrage window between the United States and South Korea remains open, domestic import arrivals remain low, the overall market supply is tight, and port inventory continues to decline to about 140,000 tons. At the beginning of the week, Sinopec added 100 yuan/ton to 5200 yuan/ton. Market prices also continued to rise to 5300-5350 yuan/ton.

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Caprolactam: Domestic caprolactam liquid price is basically stable this week. The market cost and demand game of caprolactam increased by 100 yuan/ton to 5200 yuan/ton at the beginning of the week. The price of pure benzene in East China market is still rising. The price of cyclohexanone is also rising in the week. The cost of caprolactam is strong. The supply side is slightly supported. In the early period, some parking and maintenance of Yangshan Coal, Luxi Coal and Haili Coal were carried out. The spot supply in the North was reduced, and the spot price in the North rose slightly. However, with the gradual recovery of sea power supply, the latter supply will also ease. The downstream PA6 chip market remains weak, aggregation centers on cost or partial loss, raw material procurement enthusiasm is not high, and the overall market price fluctuation is not large.

3. Future Market Forecast

In the short run, the spot supply of cyclohexanone will not increase significantly. In the long run, the load of Huafeng plant will increase and the export will increase to a certain extent. Within a week, the spot of cyclohexanone factory was tight, and there was no pressure for export. The demand of terminal market remains weak, the downstream slice Market is weak, the profit margin of chemical fiber market is not large, the enthusiasm of entering the market is general, and the solvent market just needs to take delivery. With weak market demand, low profits from caprolactam plants purchasing cyclohexanone and the release of bad news about new capacity, business analysts of cyclohexanone expect the short-term cyclohexanone market to run smoothly with limited room for growth.

http://www.lubonchem.com/

Benzene rose slightly this week (12 August – 16 August 2019)

Price Trend

 

According to the business association’s large list data, this week, the price of pure benzene of Sinopec’s enterprises was stable, the price of Sinopec and some refineries increased, and the price gap between Sinopec and Sinopec decreased. This week, the domestic price of pure benzene (except Sinopec) increased by about 150 yuan/ton compared with last week. This week, the highest price of pure benzene appeared on Friday (Aug. 16). The price was between 4900 and 5100 yuan/ton, up 0.75%.

II. Analytical Review

1. Products: This week, the inventory of pure benzene port decreased by about 0.5 million tons compared with last week, and the domestic inventory of pure benzene is also declining. There is no pressure on pure benzene inventory.

2. Crude Oil: Earlier this week, Saudi Arabia took action to prevent oil prices from falling, and the United States deferred tariff increases on some products to December, boosting the market and boosting international oil prices. In the latter half of the week, fears of a possible intensification of the trade war reignited, and fears of a slowdown in crude oil demand deepened. Oil prices stopped rising and fell. The positive and negative factors offset each other. This week’s WTI and Brent oil prices were basically flat compared with last week’s.

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3. Relevant industries: This week, affected by typhoon, the price of hydrobenzene has risen, and the low-price supply is hard to find, which will benefit the pure benzene market. Downstream styrene rose by 1.2% from last week, which also supports the price of pure benzene.

4. External offer: Although Asian foreign offer is short of quotation guidance due to closure at the beginning of this week, the price of pure benzol US dollar has risen, and the US-ROK arbitrage window has opened, which has formed a favorable support for the domestic market.

3. Future Market Forecast

1. Crude oil: The trend of crude oil in the later period is still uncertain, mainly related to the situation of trade war and crude oil demand.

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2. Domestic market: Pure benzene downstream demand is weak, but Sinopec pure benzene inventory is low, price is strong, has certain support for the domestic market.

3. External Disc: With the successive arrival of goods from the United States, prices will fall, but the price gap between Asia and the United States still exists. The main purpose of Korea’s export resources is still the United States. China’s import resources are still relatively small, and the supply and demand side has not been improved.

Taking into account, the price of pure benzene is expected to rise slightly next week.

http://www.lubonchem.com/

Interregional fluctuations in China’s domestic ethanol market (8.12-8.16)

Price Trend

The domestic ethanol market rose and fell unevenly this week. According to the monitoring data of business associations, the price of domestic ethanol market at the beginning of the week was 5380 yuan/ton, rising by 0.19% annually, and falling by 3.45% compared with the same period last year.

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II. Market Analysis

Products: This week, some markets in the alcohol market have seen mixed ups and downs. Fukang plant in northeastern Jilin area started construction, the quotation of enterprises was stable, the mentality of individual small factories was positive, the low-end price went down, the price of Heilongjiang area remained stable, and the freight price was higher; the general level in eastern China was slightly weaker, the enterprises started less under the pressure of cost, and the downstream consumed more Northeast supply; Henan area was thick. Source equipment parking continued, quotation remained firm, low-end market prices slightly rebounded; South China enterprises are currently only in Xintiande, Guangxi Zhongliang, Haiying, other basic equipment parking, liquor purchasing light, part of the goods to Yunnan or Guangdong, anhydrous gold source inventory is not high, profitable from supply side. With good support, prices went up and Xintiande prices went up. There was no water coming to Hong Kong from other places. Production enterprises in Guangdong made high offers. There were low-end prices in the market, and the supply was not much.

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Industry chain: In the upstream, the average weekly price of Maize in Jilin region of Northeast China closed at 1740 yuan/ton, which was stable compared with last week’s price. The price of dried cassava chips in upstream Thailand remained stable, mainly due to the current season of fresh cassava production. Cassava entered the starch market more and dried chips exported less. Up to now, FOB 235-240 US dollars/ton, theoretical port price of East China 1900-1920 yuan/ton, and domestic East China purchased goods from Northeast China and sold them. Enterprises have more inventories and less start-up. The exchange rate of RMB has broken 7 short of domestic imports. Downstream, Ethyl acetate in East China was 5700 yuan/ton on Thursday, up 1.79% from last week’s price.

3. Future Market Forecast

Enterprise equipment in Northeast China is gradually normal, Dongfeng plant is expected to open in a short time, supply recovery, a small number of orders continue to carry out, downstream demand needs to pay attention to the downstream chemical purchasing situation, liquor purchasing is not warming up at present, the short-term market is expected to remain small consolidation; Henan thick-source plant is unstable, It is expected that the short-term market will remain stable, the construction situation in East China will not improve in the short term, the downstream will consume more Northeast supply, the start-up load of enterprises will not be high, and the loss will continue; the supply and demand in South China will be weak, liquor purchasing is not obvious, there will be no water supply in other places, and the supply of gold will continue to decrease. It is expected that Guangdong will have a high level in the short term. Likewise, Guangxi remains stable. Ethanol analysts at business associations expect the domestic ethanol market to remain stable and small in the short term.

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The price trend of ammonium nitrate Market was stable this week (8.12-8.16)

Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price trend is temporarily stable this week. The average weekend price is 1966.67 yuan/ton, which is temporarily stable compared with the early weekend price of 1966.67 yuan/ton, down 0.97% from the same period last year.

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II. Market analysis:

Products: This week, the domestic ammonium nitrate market price remains stable, the domestic ammonium nitrate plant is running smoothly, is in the downstream demand off-season, ammonium nitrate factory shipment market is general, downstream on-demand procurement, coupled with environmental protection control, the downstream civil explosion industry in China has stopped production more, domestic ammonium nitrate factory start-up is limited. Domestic prices remain low. By the end of the weekend, the mainstream in Shaanxi was 1950-2050 yuan/ton, Shandong was 1900-2000 yuan/ton, and Hebei was 1850-1950 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate was maintained. Keep oscillating.

Industry chain: This week’s domestic nitric acid price trend is temporarily stable, the market price is 1693.33 yuan/ton by the end of the week, this week’s price trend is stable, the domestic nitric acid market price remains low, mainstream manufacturers in Jiangsu Province offer 1680 yuan/ton, mainstream manufacturers in Anhui Province offer 1700 yuan/ton, Shandong manufacturers offer 1700 yuan/ton, nitric acid walks. Generally speaking, the low price of upstream nitric acid market has a negative impact on the downstream ammonium nitrate Market price; the price trend of upstream raw material liquid ammonia has declined sharply, and the market price of liquid ammonia is 3200 yuan/ton by the end of the week. The upstream cost of liquid ammonia is affected by the downstream cost, and the inventory pressure of most producers has increased compared with the previous period. In addition, part of the plant was restarted and local ammonia supply increased in the region. Especially in Shanxi and North China, most of the manufacturers had sufficient supply of ammonia. The price quoted by the manufacturers in North China remained above and below 2900-3400 yuan/ton. The price quoted by the manufacturers in Northwest China was between 2500-2600 yuan/ton. The decline of liquid ammonia market brought certain negative effects on the downstream ammonium nitrate market. Ring. Recently, the downstream civil explosion industry is in the off-season. The demand for ammonium nitrate market remains low. The inventory of ammonium nitrate manufacturers is high. The market of nitric acid is not good, and the price of nitric acid market remains low.

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Industry: In recent years, ammonium nitrate Market is general, downstream civilian explosion industry parks more, coupled with the upstream raw material market nitric acid price slightly declined, ammonium nitrate market price trend is stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices slightly lower, coupled with poor demand downstream, ammonium nitrate market prices are expected to maintain low volatility in the later period.

http://www.trimethylaceticacid.com

China’s domestic dichloromethane market has been operating steadily this week (8.5-8.9)

Market Review

 

According to a large number of data monitored by business associations, the dichloromethane market in Shandong has been running steadily this week. The average price of dichloromethane in Shandong has remained around 3150 yuan/ton, up slightly by 1.94% over the same period last year.

quotations analysis

Products: At present, the domestic dichloromethane market is stable and soft, and the spot supply of dichloromethane in Shandong is tight, but the downstream market demand is not good. Most of the products are received on demand, and the industry has a flat discussion. At present, the quotation of bulk water remittance in Shandong is around 3100-3150 yuan/ton, 3500-3700 yuan/ton in Jiangsu, 3300 yuan/ton in Zhejiang and 3300 yuan/ton in Jiangxi. In terms of start-up, Jinling Chemical Plant is now operating normally; Dongying Jinmao Stop-up and Overhaul; Luxi Chemical Plant is 60%; Jiangsu Literature Plant is operating normally; Jiangxi Literature Plant is affected by power plant overhaul, and the enterprise operates negatively in early August for half a month.

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Industry chain: Upstream, this week’s natural gas market shocks and adjustments, the average price at the beginning of the week is 3240 yuan/ton, the average price at the end of the week is 333 yuan/ton, the overall decline of 1.44%. The supply of liquid chlorine market is reduced, the inventory of enterprises is low, but the downstream market demand is not good. At present, enterprises are reporting 200-300 yuan/ton more. On the downstream side, the domestic R410a market is in the off-season. The demand of downstream air conditioning industry is not good. At present, more than 18,000 yuan per ton is reported. The demand of medicine and film industries is stable.

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Future Market Forecast

The analysts of business association methane chloride data think that the market demand of dichloromethane is not good at present. The low performance of refrigerant market has no good support for dichloromethane price, and the overall supply of dichloromethane market is stable. Recent typhoon and heavy rain will affect the arrival of goods, but it has no relationship with the overall trend. Big, it is expected that the market of dichloromethane will shake and adjust in the short term.

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Domestic propylene (Shandong) market stabilization after rising this week (7.29-8.2)

Price Trend

According to the data of business associations, propylene (Shandong) in China stabilized after a slight drop and rise this week. At the beginning of the week, the average price of propylene (Shandong) was 7932 yuan/ton. On Tuesday, the average price of propylene (Shandong) was 7 925 yuan/ton. On Friday, the average price of propylene (Shandong) was 7 981 yuan/ton, with a weekly increase of 0.61% and a weekly amplitude of 0.71%.

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II. Analytical Review

Products: The price of propylene enterprises in Shandong started to rise in early July, after two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. From July 22 to 27, the total price rose by 300 yuan/ton. On July 31, it rose again by 50 yuan/ton. At present, the market turnover is around 7950-8100 yuan/ton, and the mainstream price is about 7950 yuan/ton. At present, the regional supply of propylene market is still relatively tight.

Industry chain: On the upstream side, crude oil fell sharply on Thursday, but picked up again on the weekend, which may still have a negative impact on propylene. A MTO factory in East China stopped for overhaul to limit propylene production, which is beneficial to propylene. On the downstream side, polypropylene futures prices fell this week, spot prices stabilized, and recent or digestive consolidation of the existing increase is the main reason for the temporary negative effect of propylene; acrylic acid prices rose significantly at the beginning of the month, which has a pull effect on propylene; and propylene oxide market continued to rise, which also has a positive impact on propylene; and epichlorohydrin also has a positive impact on propylene. At the beginning of the month, the market slightly declined, which had a negative impact on propylene, while in Shandong, some butyl-octanol plants declined, and the market of octanol rose at the beginning of the month, with n-butanol mainly stable, which had a slightly negative impact on the market of propylene.

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3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that in general, the recent recovery of international crude oil, polypropylene futures spot market are relatively flat, acrylic acid, propylene oxide Market is rising, the price of epichlorohydrin has declined, butyl octanol part of the plant has declined, so propylene prices are expected to decline in the near future.

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The market bearish sentiment is obvious, the sulfur market continues to decline.

Price Trend

According to the price monitoring of business associations, the domestic sulphur market declined on July 30. At present, the average ex-factory price of the sulphur market in East China is 860 yuan/ton, a decline of 4.44%.

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II. Market Analysis

Products: Domestic sulphur market prices have been sharply lowered, downstream demand performance is still weak, in order to stimulate shipment, refineries in various regions have adjusted their prices. East China market has dropped by 40-50 yuan/ton, the mainstream price of solid sulphur is around 720-790 yuan/ton, and the mainstream price of liquid sulphur is around 690-780 yuan/ton; the fixed sulphur price of Shandong Market has been lowered by 40 yuan/ton. The mainstream price is 920-930 yuan/ton; the liquid sulfur is reduced by 20 yuan/ton and the mainstream price is about 750-800 yuan/ton; the North China market is reduced by 20-30 yuan/ton; the mainstream price of solid sulfur is 710-760 yuan/ton; and the mainstream price of liquid sulfur is 680-720 yuan/ton.

Industry chain: The weak sorting of sulphur market continues to decline, the downstream acid market is weak, the overall turnover is cold, the mindset of the operators is not good, the downstream demand performance is still weak, the acid plant is partly overhauled, the market is not good, the price is low or will go down.

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Industry: From the demand point of view, downstream stalemate, weak demand, difficult to change. Domestic port inventory is high, market turnover is still cold, real information is scarce, port storage consumption is slow, buyers and sellers wait for information guidance. Domestic sulphur market continued to decline, downstream demand has not improved, industry expectations of the future market is not high, look at the strong atmosphere.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information guidance, no substantial positive factors, weak downstream demand, coupled with high inventories, the short-term sulfur market is expected to continue a weak downturn.

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