On April 21, the sulfur commodity index was 30.18, down 2.74 points from yesterday, down 70.94% from 103.84 (2011-11-02), the highest point in the cycle, and up 17.02% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)
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According to the price monitoring of the business agency, the sulfur production price in East China fell 8.33% to 550 yuan / ton on the 21st. The domestic sulfur market has a cold performance, the enthusiasm of downstream market procurement is not high, the port inventory is high, the consumption is slow, in the end of spring ploughing with fertilizer, the export of phosphate fertilizer is not clear, the market has a strong wait-and-see atmosphere, and the attitude of the industry towards the future market is not stable. At present, the domestic supply and demand performance is stagnant, the downstream follow-up is insufficient, the trading atmosphere of the sulphuric acid market is sluggish, and the supply and demand in the market lacks the guidance of substantive information, so the buyer and the seller have different forecasts for the future market.
On Tuesday, refineries in various regions adjusted their prices according to their own delivery conditions. Sinopec Jinling Petrochemical Co., Ltd. reduced the prices of solid and liquid sulfur by 30 yuan / ton, East China by 540-680 yuan / ton, and liquid sulfur by 480-600 yuan / ton. Sinopec’s prices in North China were temporarily stable. Sinopec Qilu Petrochemical Co., Ltd. reduced the prices of solid sulfur by 70 yuan / ton, Qingdao refinery by 50 yuan / ton, and Shandong by solid sulfur The price of sulphuric acid is 550-560 yuan / ton.
Future forecast: it is expected that the domestic sulfur market will be weak and stable in the short term.
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