1、 Price trend

According to the price monitoring of the business agency, the sulfur production price in East China was 653.33 yuan / ton during the week, and the price was stable during the week, down 30.74% compared with the same period last year.

2、 Market analysis

This week, the sulfur price trend in East China was stable, the quotation of local refineries remained stable within the week, the domestic sulfur market was generally weak, the sorting operation was carried out, the downstream plants were not enthusiastic to purchase in the market, the trading was mainly on demand, the market operation mentality was not active, and the operators were cautious under the guidance of lack of information. During the week, Sinopec’s quotation of solid-liquid sulfur in East China and Shandong was stable; Sinopec’s price in North China increased by 20 yuan / ton, and the price of solid sulfur was 530-630 yuan / ton, with little price increase.

In the downstream, the domestic demand for phosphate fertilizer is weak, and it is mainly purchased on demand. This week, the domestic market of ammonium phosphate maintained stable operation, the prices of Monoammonium and diammonium had no obvious change, and the trend was stable. At present, the demand was in the off-season, the domestic market was light, and the enterprise mentality was general. In the aspect of sulfuric acid, the manufacturers have less inventory and higher downstream demand, and the price trend in Shandong Province is rising.

3、 Future forecast

Aftermarket forecast: the sulfur analysts of the business agency believe that although the domestic sulfur market quotation this week is generally stable, the enthusiasm of the factories and traders to wait for the market is not high, and the purchase in the market is often replenished on demand, and the overall market lacks effective support, and more standstill is given priority to. It is expected that the short-term sulfur market situation will be weak and sorted out.