Product name: Sulfur
| Gamma-PGA (gamma polyglutamic acid) |
Latest price: On January 8th, the average sulfur price in East China was 926.67 yuan/ton, a decrease of 8.55% compared to the previous working day of 1013.33 yuan/ton.
Analysis: The sulfur market in East China has experienced a broad decline, with normal operation of on-site sulfur plants and sufficient supply of goods in the market. However, the utilization rate of downstream plant capacity has decreased, weakening the enthusiasm for sulfur procurement. Market trading has been weak, and sulfur refinery shipments have been poor. At the same time, port prices have continued to decline, which has a negative impact on the spot market. Market bearish sentiment is shrouded, and in order to stimulate shipments, refinery prices have been significantly reduced at the beginning of the week.
Market forecast: There is sufficient supply of goods on the supply side, weak downstream demand, and a clear trend of oversupply on the market. It is expected that the short-term sulfur market will be weak and consolidating.
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