Price Trend
According to the price monitoring of business associations, the average ex-factory price of sulphur market in eastern China is 693.33 yuan/ton, a drop of 7.14%.
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II. Market Analysis
Products: Domestic sulphur market prices have been sharply lowered, downstream demand performance is still weak, terminal purchasing enthusiasm is weak, lack of information support, refineries in various regions continue to downward price adjustment, solid sulphur in East China market has been reduced by 40 yuan/ton, mainstream price is around 680-700 yuan/ton, liquid sulphur in individual refineries has been reduced by 50 yuan/ton. The mainstream price is around 610-680 yuan/ton; the mainstream price of sulfur in Shandong market is down 80 yuan/ton; the mainstream price of solid sulfur is around 700 yuan/ton; the liquid sulfur is down 60 yuan/ton; the mainstream price of sulfur in North China is down 60 yuan/ton; the mainstream price of solid sulfur is down 50-600 yuan/ton; and the liquid sulfur is down 60 yuan/ton. The mainstream price of sulphur is 520-560 yuan/ton.
Industry chain: The downstream sulphuric acid market is weak, high land price coexists, the contradiction between supply and demand remains, the buyers and sellers are cautious to trade, the mindset of the business is not good, individual acid enterprises parking and maintenance, local prices are flexible to increase, the market is not supported by substantial good news for the time being, and the price is expected to be low or downward.
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Industry: From the demand point of view, the downstream wait-and-see atmosphere is strong, it is difficult to change. Domestic port inventory is high, consumption is slow, market turnover is still cold, on-demand procurement is the main, buyers and sellers wait for information guidance. Domestic sulphur market continued to decline, downstream demand has not improved, the industry for the future look at the atmosphere is strong.
3. Future Market Forecast
Business sulfur analysts believe that the current sulfur market is lack of news support, no substantial positive factors, the future market bearish is obvious, the short-term sulfur market is expected to continue weak consolidation.
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