According to the commodity market analysis system of Business Society, sulfur prices in East China rose first and then fell in April. On April 30th, the average ex factory price of sulfur in the East China region was 1183.33 yuan/ton, an overall increase of 10.25% compared to the average ex factory price of 1073.33 yuan/ton at the beginning of the month.

This month, the sulfur market in East China rose first and then fell. Prior to the 18th, the price of sulfur rose strongly, and downstream purchases were active in this cycle. On site trading was active, and enterprise shipments were smooth, which was beneficial for the increase in sulfur prices. At the same time, the maintenance of refineries in the Shandong region of the supplier was concentrated, and the utilization rate of production capacity was reduced. The market supply of goods was tight, and the inventory of enterprises was low, resulting in a significant increase in refinery prices. Supported by favorable supply and demand, the focus of sulfur prices continued to shift upwards; After the price of sulfur rose to a high level, it was difficult to find low-priced downstream sources of sulfur, and resistance to high priced sulfur increased. With the normal operation of refineries in Shandong and stable market supply of goods, downstream stocking sentiment gradually weakened. In addition, some refineries discharged inventory before the holiday, and the trend of sulfur consolidation and downward adjustment.

The downstream sulfuric acid market stabilized first and then fell in April. At the beginning of the month, the sulfuric acid market price was 328.75 yuan/ton, and on April 30th, it was 272.50 yuan/ton, a decrease of 17.11% during the month. In the first half of the year, the domestic sulfuric acid market remained stable, with acid companies maintaining their shipping pace. Downstream demand and procurement enthusiasm were not high, and the market trading atmosphere was weak, resulting in a slight adjustment in sulfuric acid prices; In the latter half of the year, the sulfuric acid market remained stable and downward, with average demand in the downstream compound fertilizer industry and limited procurement of sulfuric acid. Acid companies had poor shipments, and some companies lowered their prices to stimulate shipments.

The market for monoammonium phosphate continued to decline in April, with a decrease in the price of raw material phosphate rock and an increase in the price of raw material sulfur. The cost side showed mixed fluctuations. The operating rate of ammonium phosphate enterprises has declined, some ammonium phosphate equipment has been repaired, and market supply has been reduced. However, the demand side continues to be sluggish, and market trading is weak. Downstream compound fertilizer enterprises are more cautious in procurement, with insufficient new orders and sales pressure. Market sentiment is pessimistic, and the price of ammonium phosphate continues to decline. As of April 30th, the average market price of 55% powdered ammonium was 2853 yuan/ton, a decrease of 7.86% compared to the average price of 3096 yuan/ton on April 1st.

In the future market forecast, sulfur analysts from Business Society believe that the supply of sulfur in the current sulfur market is stable, with no pressure on enterprise inventory. Suppliers mainly maintain shipments, and downstream purchasing enthusiasm is not high. On market trading follows up as needed, and enterprise shipments are inconsistent. Considering the weak downstream market and the weakening reaction to high priced sulfur, it is expected that the sulfur market will remain stagnant and consolidate in May, and prices may slightly decrease.