1、 Price trend
According to the price monitoring of the business agency, the sulfur production price in East China over the weekend was 526.67 yuan / ton, up 1.28% in the week. On May 29, the sulfur commodity index was 28.90, unchanged from yesterday, down 72.17% from 103.84 (2011-11-02), the highest point in the cycle, and up 12.06% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)
2、 Market analysis
This week, the trend of sulfur price is stable and rising. Refineries in various regions in China adjust their prices according to their own shipping conditions, and Sinopec’s solid-liquid sulfur in East China is increased by 20 yuan / ton at the same time; while Sinopec’s Yanshan Petrochemical in North China is stable, the prices of solid-liquid sulfur in other enterprises are increased by 10 yuan / ton at the same time; Sinopec’s quotation of liquid sulfur in Shandong is increased by 10 yuan / ton. The overall increase of market price is not large, and some enterprises have maintained stable operation.
| Sodium Molybdate |
In the downstream, the domestic demand for phosphate fertilizer is in the off-season, and the manufacturers mainly purchase on demand. There are still unclear factors in the export, and the current volume and price are temporarily stable. This week, the price trend of Monoammonium and diammonium in China has been lowered, the domestic market is light, the market demand is weak, and the enterprise mentality is general. In terms of sulfuric acid, the performance of domestic market areas is different, the market demand is poor, and the purchase on demand is expected to be stable in the short term.
3、 Future forecast
Future market forecast: sulfur analysts of the business association think that the quotation of domestic sulfur market will be raised this week, the factory and traders will purchase and replenish as needed, the overall market will be consolidated and wait-and-see, and it is expected that the trend of domestic sulfur market will be consolidated and operated in the short term.
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