1、 Price trend
According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this weekend was 626.67 yuan / ton, down 4.08% compared with 653.33 yuan / ton at the beginning of the week, down 44.71% compared with last year.
| Azodicarbonamide (AC foaming Agent) |
2、 Market analysis
Product: this week, the domestic sulfur market performance is slightly flat. In terms of external market, the spot supply is tight and the price is on the high side, with limited support in Hong Kong. This week’s sulfur quotation was weak and lowered, the downstream procurement enthusiasm was not high and the intention price was low, the spring ploughing fertilizer was in the closing stage, the later stage of fertilizer export was not clear, the industry had different judgments on the future market, the site was more wait-and-see mentality, the refineries in each region within the week adjusted their quotation according to their own shipping situation. As of March 3, Sinopec’s quotation for solid sulfur in East China is 580-680 yuan / ton, and that for liquid sulfur is 510-630 yuan / ton; Sinopec’s quotation for solid sulfur in North China is 530-570 yuan / ton, and that for liquid sulfur is 400-450 yuan / ton; Sinopec’s quotation for solid sulfur in Shandong is 630-650 yuan / ton, and that for liquid sulfur is 410-460 yuan / ton.
| ferric sulfate (Poly ferric sulphate) |
Industry chain: in the aspect of downstream sulfuric acid, the domestic market has recovered as a whole, and the sulfuric acid price has risen. At present, the overall supply of sulfuric acid plants in Shandong Province has been reduced, and the prices of enterprises have been adjusted upward. In April, the overhaul of acid enterprises was relatively centralized, the supply side was significantly reduced, and the acid price was intended to drive the market upward. The main downstream phosphate fertilizer enterprises have been in the process of completion, and the demand has not been greatly boosted. In addition, the cost end support is still weak, and the upward space of sulfuric acid market is limited. It is expected that the acid market will be operated in a narrow range in the later period.
3、 Future forecast
According to the sulfur analyst of the business agency, at present, the demand for phosphate fertilizer is weakening, and the enthusiasm of downstream plants to enter the market is not high. Refineries in various regions are adjusting downward in the week, and the inventory of ports is high. Most of the operators wait and see the market. It is expected that the sulfur market will be light and stable in the later period, waiting for the guidance of market news.
| povidone Iodine |