Price data

According to the data from the business associations, the market price of sulphur in East China was stable this week. The average price of granular sulphur was 900.00 yuan/ton in the week, which was 17.09% lower than that of last year.

II. Market Analysis

Products: This week, the domestic sulphur market continued to be weak, the price trend was down, refineries in various regions continued to be downgraded according to their own shipments, and refineries in some regions maintained stable operation. As of the 26th, the mainstream price of solid sulfur in Sinopec’s Shandong region was 960-970 yuan/ton, while that of liquid sulfur was 770-820 yuan/ton. The mainstream price of solid sulfur in North China was 730-790 yuan/ton, and that of liquid sulfur was 700-780 yuan/ton. The price of solid sulfur in East China was reduced by 20-30 yuan/ton. The current price is 770-840 yuan/ton, the mainstream price of liquid sulfur is 740-820 yuan/ton, and the price is reduced by 50 yuan/ton.

Industry chain: The price trend of Shandong sulfuric acid Market in the lower reaches of this week has slightly declined, and the acid price has been flexibly lowered by 20-30 yuan/ton. Heze Jiangyuan quoted 230 yuan/ton this week, and the quotation was temporarily stable; Zouping Tianlu’s quotation fell from 120 yuan/ton at the beginning of the week to 90 yuan/ton at the end of the week, and the quotation fell by 30 yuan/ton; Jinan Yuanfei’s quotation was 450 yuan/ton, and the quotation was temporarily stable; Dezhou Meihua’s quotation was 170 yuan/ton, and the quotation was temporarily stable. The sulphuric acid market is weak and persistent. Customers’enthusiasm for sulphuric acid procurement is general. The market demand is weak. Businessmen are cautious. The sulphuric acid factory price in the future is low.

Industry: At present, domestic sulfur market continues to be weak, downstream demand remains unchanged, terminal purchasing enthusiasm is weak, there is no information guide for internal and external plates, port storage consumption is slow, and the industry has a strong hollow outlook. In the absence of information guidance in the market and weak buyer intentions, market transactions remain cold and negotiations are difficult to improve.

3. Future Market Forecast

Business sulfur analysts believe that the current sulfur market lacks information guidance, the enthusiasm of on-site negotiations is weak, the buyer has a strong wait-and-see atmosphere, and the short-term sulfur market is expected to continue a weak downward trend.