Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the price monitoring of the Business Agency, the trend of sulfur prices in East China this week has declined. On March 24th, the average price of sulfur was 1170.00 yuan/ton, a decrease of 3.57% compared to the price of 1213.33 yuan/ton on March 18th, and an increase of 3.85% compared to the beginning of the month.
In East China, the sulfur market is operating in a weak state, with on-site refinery units operating normally, market supply stable, and manufacturers actively shipping. In the downstream, terminal market follow-up has weakened. Some manufacturers have poor shipments, resulting in a stalemate among the industry. Some manufacturers have lowered their quotations to stimulate shipments based on their own shipments and inventory conditions, resulting in a decrease in sulfur prices during the week. As of the 24th, the mainstream price of solid sulfur in refineries in Shandong Province was around 1160-1250 yuan/ton; The mainstream price of liquid sulfur is 1150-1220 yuan/ton.
Downstream market of industrial chain
| Bacillus thuringiensis |
The downstream sulfuric acid market declined weakly, with the average domestic sulfuric acid price at 255 yuan/ton as of March 24, a decrease of 6.60% compared to 273 yuan/ton last Friday. The sulfuric acid plant is operating normally, with sufficient market supply, and downstream digestion and inventory are the main factors. The enthusiasm for entering the market to pick up goods is weak. The sulfuric acid manufacturers have poor shipments, and the inventory pressure is significant. In order to stimulate the continuous decline in the price of shipped sulfuric acid, the price of sulfuric acid has been reduced.
The market of monoammonium phosphate continued to decline. On March 24th, the average market price of 55% powdered monoammonium phosphate was 3200 yuan/ton, while on March 18th, the average market price of 55% powdered monoammonium phosphate was 3260 yuan/ton, and the market price of monoammonium phosphate was reduced by 1.84%. Downstream demand is sluggish, there are few new orders and transactions in the market, there is significant pressure on factory inventory, and the attitude of the industry is bearish. The focus of market transactions is weak and declining.
Aftermarket Forecast
According to sulfur analysts from Business News, domestic refineries operate smoothly, with sufficient market supply of goods, and the performance of the terminal industry is average. Downstream purchasing is mainly based on demand, while on-site trading is poor. Market performance is oversupply, and the mindset of the industry is deadlocked. It is expected that the short-term sulfur market will continue to operate weakly, with specific attention paid to downstream follow-up.
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