1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, the price of 8 sulfur has increased. On August 31st, the average ex factory price of sulfur in the market was 1435.00 yuan/ton, an increase of 18.92% compared to the average ex factory price of 1206.67 yuan/ton at the beginning of the month.
The sulfur market is on the rise this month. The manufacturer’s shipments are smooth, and the price of sulfur is rising accordingly; After a series of early stages of price increases, traders’ attitudes towards subsequent trends gradually turned cautious, market activity decreased, and the trading atmosphere became quiet.
2、 Market analysis
Downstream market trends in the industrial chain:
The downstream sulfuric acid market remained stable and upward in August, with a market price of 350.00 yuan/ton at the beginning of the month and 400.00 yuan/ton at the end of the month, representing a 14.29% increase during the month. The rise in sulfur prices is favorable for the rise in the sulfuric acid market. Downstream consumers mainly digest their previous inventory and follow up on sulfuric acid purchases as needed. Acid companies’ quotations are mostly stable and wait-and-see.
3、 Future forecast
The sulfur analyst from Shengyi Society believes that the sulfur enterprise’s equipment is operating normally, and the market supply is sufficient. We are waiting for the arrival of autumn, and the autumn fertilizer market is gradually developing. Downstream production may increase, and the market trading atmosphere will improve. It is expected that the sulfur market will consolidate and operate in September.
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