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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