The sulfur commodity index on June 30 was 90.17, unchanged from yesterday, down 13.16% from 103.84 (2011-11-02), the highest point in the cycle, and up 249.63% from 25.79, the lowest point on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now
According to the price monitoring of the business agency, the price trend of sulfur in East China was stable on the 30th, with the average price of sulfur production at 1643.33 yuan / ton. The domestic sulfur market is stable. Refineries in various regions quote prices according to their own shipment situation. Sinopec’s mainstream price of solid sulfur in East China is 1670-1730 yuan / ton; Sinopec’s mainstream price of solid sulfur in North China is 1470-1600 yuan / ton; The mainstream price of sulfur solid sulfur in Shandong area of Sinopec is 1620-1640 yuan / ton. The downstream phosphate fertilizer inventory is fair, there is no low price shipping intention in the spot market, and the domestic and export orders perform well, which has good support for sulfur.
Future forecast: at present, the inventory of refineries in domestic areas is low, and traders enter the market to purchase on demand. Due to the strong external price and the good mentality of on-site operators, it is expected that the sulfur market will be strong in the future, and the downstream follow-up situation will be concerned.
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