Price data
According to the data of business associations, the market price of sulphur in East China declined slightly this week. At the beginning of the week, the average price of granular sulphur was 596.67 yuan/ton. At the end of the week, the average price of granular sulphur was 580.00 yuan/ton. The average price of granular sulphur dropped 16.67 yuan/ton. Within the week, it fell by 2.79%, 55.42% compared with the same period last year. The light soda commodity index on September 20 was 89.23, which was the same as yesterday. It was 24.29% lower than the cyclical peak of 117.86 points (2017-11-21), and 41.30% higher than the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)
| PVA 0599 (PVA BF05) |
II. Market Analysis
Products: This week, the domestic sulphur market continued to be weak, and refineries in different regions continued to decline according to their own shipments. As of the 20th, the mainstream price of solid sulfur in Shandong area of Sinopec is around 580 yuan/ton, while that of liquid sulfur is 490-570 yuan/ton; that of solid sulfur in North China is 480-530 yuan/ton, that of liquid sulfur is 450-490 yuan/ton, and that of solid sulfur is stable; that of solid sulfur in East China is 620-700 yuan/ton. The mainstream price of liquid sulfur is 550-670 yuan/ton, down 30 yuan/ton from last week’s price.
| PVA |
Industry chain: The price trend of downstream sulfuric acid Shandong market slightly declined this week, with a weekend quotation of 216.67 yuan/ton, which was 2.98% lower than 223.33 yuan/ton at the beginning of the week and 57.10% lower than the same period last year. This week, the price of the main sulphuric acid producers in Shandong fell slightly, the inventory of the producers was small, the downstream demand was small, the downstream acid market was weak, and the market price is still expected to decline.
Industry: At present, the domestic sulphur market demand is low, the stock consumption in Hong Kong is slow, there is no information guidance for the internal and external market, and the enthusiasm of terminal purchasing is weak. In the absence of information guidance in the market and the weak intention of the buyer, the market atmosphere is strong, the negotiation atmosphere is cold, and the hollowness of the business is obvious.
3. Future Market Forecast
Business sulfur analysts believe that the current sulfur market lacks information support, the enthusiasm of on-site negotiations is weak, the mindset of the operators is mainly impasse, and the short-term sulfur market is expected to continue weak consolidation.
| POLYVINYL ALCOHOL |