Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Business Society, the sulfur price trend in East China this week first rose and then fell. On February 25th, the sulfur price was 1026.67 yuan/ton, a decrease of 0.32% compared to February 19th’s sulfur price of 1030.00 yuan/ton, and an increase of 10.00% from the beginning of the month.
This week’s sulfur market is running smoothly. After the holiday, downstream construction increased, and the market trading atmosphere was positive. Refinery shipments were smooth. At the beginning of the week, sulfur prices were raised, but the benefits were limited. The market activity atmosphere weakened, and downstream and traders became more wait-and-see. Some refineries actively discharged inventory, and sulfur prices were adjusted and lowered. In the later period, their mentality remained stable, and the market situation remained stable. As of the 23rd, the mainstream price of solid sulfur in refineries in Shandong region is around 990-1070 yuan/ton; The mainstream price of liquid sulfur is between 990-1020 yuan/ton.
Downstream market trends in the industrial chain
The downstream sulfuric acid market is operating steadily, with an average domestic sulfuric acid price of 203.75 yuan/ton on February 25th, which is unchanged from the price of 203.75 yuan/ton on February 19th. The production of on-site enterprises is stable, and the market supply continues to be sufficient. Downstream demand gradually recovers to rationality after a slight increase after the holiday, and stocking is mainly based on demand. Sour acid enterprises can still ship, and manufacturers have a wait-and-see attitude. The sulfuric acid market operates steadily.
The downstream ammonium phosphate market is operating weakly and steadily. On February 25th, the average market price of 55% powdered ammonium phosphate was 3116.67 yuan/ton, which is unchanged from the price of 3116.67 yuan/ton on February 19th. After the holiday, the market for ammonium phosphate remained stable, with downstream procurement mainly based on demand, limited follow-up on new orders, and no significant changes in manufacturer quotations. The market price for ammonium phosphate remained stable.
Future Market Forecast
Business Society sulfur analysts believe that the sulfur market has sufficient supply, while the trading atmosphere in the terminal market is weak. The market mentality is mainly cautious and wait-and-see. Downstream support for sulfur is limited, and sulfur enterprises follow the market with small fluctuations in quotes. It is expected that the sulfur market will consolidate in the short term, and specific attention will be paid to downstream follow-up.
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