Sulfur market trading was flat, price fell slightly in the week (3.22-3.28)

According to the price monitoring of business news agency, the price of sulfur in East China decreased slightly this week. The average price of sulfur production at the weekend was 1476.67 yuan / ton, down 0.89% compared with 1490.00 yuan / ton at the beginning of the week, up 7.52% compared with the beginning of the month.

 

Stannous Sulphate

This week, the domestic sulfur market was weak, the inventory of domestic refineries in various regions remained low, the downstream factories were not enthusiastic about purchasing in the market, and the market trading was quiet. During the week, the domestic refineries adjusted their prices according to their own shipment situation. Except for Sinopec’s sulfur quotation in East China, Sinopec’s solid-liquid sulfur quotation in North China and Shandong decreased by 20 yuan / ton, and the overall market quotation decreased slightly. As of the 28th, the regional price of sulfur in China is as follows:

28 March 2005

Sulfur (particle) 1430-1490 yuan / ton in East China

1360-1450 yuan / ton of sulfur (particle) in North China

Sulfur (particle) 1480-1510 yuan / ton in Shandong Province

In the downstream phosphate fertilizer market, the market of monoammonium phosphate and diammonium phosphate is weak and stable, and the fertilizer market is in the peak sales season. The demand of the downstream market is good, but the short-term rise is slowing down, and the future market is temporarily stable. In terms of sulphuric acid, the market in Shandong is volatile, with the price falling first and then rising, with an increase of 3.09% in the week. At present, the main acid enterprises in Shandong stop for maintenance, the market supply is tight, and the price rises flexibly. The downstream does not accept high prices, and the rising space is limited. It is expected that the sulphuric acid market will rise slightly in the future.

 

Sulfur analysts of business news agency believe that at present, domestic refineries’ inventory remains low, downstream demand is weak, on-site trading is weak, operators’ mentality is mainly wait-and-see, the market lacks effective information guidance, and supply and demand performance is stable. It is expected that the sulfur market will run stably in the future, and pay attention to the downstream follow-up situation.

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