Price trend

According to the price monitoring of the business community, the sulfur price trend fell broadly in July, and the market was weak and plummeted. As of July 31, the average ex factory price of sulfur market in East China was 940.00 yuan / ton, which was 73.91% lower than the average ex factory price of 3603.33 yuan / ton at the beginning of the month.

In July, the domestic sulfur market fell sharply, and various factors led to the continuous decline in the price during the month. In the downstream market, the demand for sulfur is limited in the off-season, and the enthusiasm to enter the market is general; At the same time, there is a low-cost source of goods in the market, resulting in increased resistance to refinery sales and accumulation of enterprise inventory. In order to maintain the pace of shipment, the quotation fell again and again; On the other hand, the price of crude oil at the raw material end fell, which indirectly negatively affected the sulfur market; Finally, in the port, the market trading was light, the inventory in the port was accumulated, and the sulfur price fell, weakening the support for the sulfur price of domestic refineries. The overall market performance is strong supply and weak demand, and the sulfur market is weak and declining.

Downstream market of industrial chain

The downstream sulfuric acid market fell sharply in July, with the price at 998.00 yuan / ton at the beginning of the month and 748.00 yuan / ton at the end of the month, with an overall decline of 25.05% in the month. During the month, the inventory of domestic mainstream sulfuric acid manufacturers was small, the downstream demand was weak, the enthusiasm for entering the market purchasing was weak, the on-site transactions were insufficient, the market atmosphere was bearish, and the price of sulfuric acid was forced to decline under the mood of buying up or not buying down.

In terms of phosphate fertilizer, the market was weak in July. The price of Monoammonium fell first and then rose. The overall market fell during the month. The raw phosphate rock was still tight and the price was high. The price of sulfur continued to fall, and the cost support was insufficient. The confidence of Monoammonium was frustrated, and the price of Monoammonium was weak and downward; The diammonium market fluctuated at a high level, the domestic demand for diammonium basically stagnated, and most manufacturers stopped quoting. At present, the export is dominated, the demand is weak, the quotation of traders is chaotic, and the short-term diammonium price is weak.

Aftermarket forecast

According to sulfur analysts of business club, the domestic sulfur market is in a game of supply and demand, the downstream market is falling, the demand continues to be depressed, and there are few positive factors in the market. Considering that the current sulfur price is low, and there may be an intention to stock up in the market, it is expected that the sulfur market will be sorted out in the future, with price range fluctuations as the main factor, and the specific attention will be paid to the market follow-up.