1、 Price trend
According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this week is five hundred and thirteen point three three Yuan / ton, and the average ex factory price on April 15 six hundred RMB / t lower than the price 14.44% , down from last year 47.44% 。
2、 Market analysis
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Product: the domestic sulfur market is quiet this week, and the downstream plants are mainly purchasing on demand. The enthusiasm of negotiation is not high. With the decrease of demand for ammonium phosphate, the export price of chemical fertilizer is weak, and the sulfur demand field is more wait-and-see mentality. In addition to the quotation adjustment of individual refineries according to their own delivery situation, other refineries are more stable. As of the 15th, Sinopec’s quotation for solid sulfur in East China is 520-630 yuan / ton, and that for liquid sulfur is 460-580 yuan / ton; Sinopec’s quotation for North China is temporarily stable, and that for solid sulfur is 430-520 yuan / ton, and that for liquid sulfur is 400-450 yuan / ton; Sinopec’s quotation for solid sulfur in Shandong is 500-520 yuan / ton, and that for liquid sulfur is 380-430 yuan / ton.
Industrial chain: in terms of downstream sulfuric acid, the domestic market is in stalemate operation, and the price of sulfuric acid is up and down. At present, the sulfuric acid supply in Shandong is sufficient, the downstream demand follow-up is not smooth, and the enterprise quotation goes down. At present, the maintenance of acid enterprises is relatively concentrated, the supply side is significantly reduced, the export of domestic phosphate fertilizer and titanium dioxide is blocked, the demand for sulfuric acid is also weak, on the other hand, the cost side support is still weak, and the rising power of sulfuric acid market is insufficient. It is expected that the acid market will be operated in a narrow range in the later period.
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3、 Future forecast
According to the sulfur analyst of the business association, at present, the domestic demand for phosphate fertilizer is in the off-season, the export aspect is not clear, the demand for sulfur is mainly on demand, the enthusiasm of on-site negotiation is not high, coupled with the high consumption of port inventory, and the market atmosphere is mainly on the sidelines. It is expected that the short-term sulfur market will be consolidated and operated, waiting for the guidance of market news.
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