According to the price monitoring of the business community, the sulfur price trend in East China continued to rise in November, and the market price was sorted up. As of November 30, the average ex factory price of sulfur market in East China was 1410.00 yuan/ton, an increase of 11.32% compared with the average ex factory price of 1266.67 yuan/ton at the beginning of the month.

In November, the sulfur market in the East China market was sorted up. Affected by public health at the beginning of the month, transportation was limited, manufacturers’ shipments were blocked, and some quotations were lowered. However, with the opening of the phosphate fertilizer winter storage market, the export market improved, the downstream demand for sulfur increased, the port sulfur price rose, and the market atmosphere was bullish, driving the domestic refinery price upward. Later, downstream demand was stable, refinery shipments were smooth, and the sulfur market continued to rise.

The downstream sulphuric acid market declined weakly in November. At the beginning of the month, the market price of sulphuric acid was 414.00 yuan/ton, and at the end of the month, 321.67 yuan/ton, with an overall decline of 22.30% in the month. In November, domestic sulphuric acid continued to decline. Affected by public health events, the enterprise’s shipment was not smooth, and the inventory pressure increased. In addition, the market was hit by low price goods. The market was bearish, and the trend of sulphuric acid declined.

The market of monoammonium phosphate rose sharply in November. This month, the start of ammonium phosphate enterprises was at a low level. There were few goods on the market, and the supply side was tight. The demand for winter storage market in the downstream was followed up, and the enthusiasm for picking up goods in the downstream was increased. With the simultaneous good of supply and demand, the market of monoammonium phosphate rose. As of November 30, the average price of 55% powdered monoammonium phosphate was 3450 yuan/ton, which was 16.95% higher than the average price of 2950 yuan/ton on November 1.

In the future market forecast, the sulfur analysts of the business community believe that the winter storage market of phosphate fertilizer is currently going on, and the downstream demand is increasing, so the sulfur support is good. At the same time, the port market price is high, which will boost the domestic sulfur market. It is expected that the short-term sulfur market will rise mainly, with specific attention paid to the downstream follow-up.