1、 Price trend
According to the price monitoring of the business agency, the average ex factory price of sulfur market in East China this weekend was 503.33 yuan / ton, which was the same as the average ex factory price of 503.33 yuan / ton at the beginning of the week, down 64.88% from last year.
|PVA 2088 (PVA BP20)|
2、 Market analysis
Product: this week, the domestic sulfur market was in weak and stable operation, the port inventory was high, there was a lack of information guidance in the field, the downstream construction was low, and the main thing was to wait and see, and the price was in shock and consolidation operation. At present, the supply and demand of sulfur market is weak. Due to the impact of environmental protection policies, the downstream demand is in a low state, and the delivery performance of refineries in various regions is poor. The Spring Festival holiday is approaching, the festival atmosphere is strong, and the market is mainly stable. Refineries in various regions adjust their quotation according to their own delivery situation in the week, including the quotation of solid and liquid sulfur in East China is stable, and the price of liquid sulfur in Shandong is reduced by 30 yuan / ton Meanwhile, the price of solid and liquid sulfur in refineries in North China was reduced by 30 yuan / ton at the same time.
Industry chain: the downstream sulfuric acid market is light in terms of investment, and the Spring Festival holiday is approaching. Although there are downstream enterprises preparing goods before the festival, the overall market is still weak in terms of supply and demand, with limited support. The domestic market is operating in a differentiated way, with local market ups and downs showing each other. The acid companies also maintain stable shipments, keep inventories at a reasonable level, and have no obvious intention of price adjustment. Some of the main acid plants in Shandong continue to raise their acid prices, while others remain on the sidelines. Due to the weather, there are certain limitations in transportation. In addition, with the Festival approaching, acid companies dare not adjust their prices rashly, and the market is mostly stuck. Considering the impact of environmental protection and weather, there will be no obvious change before the year, and the later period will be acid market or weak finishing.
3、 Future forecast
According to the sulfur analyst of the business club, at present, the market demand is low, the port inventory is still high, the mainstream factories are well stocked, the market lacks the guidance of substantive information, the attitude of the operators is different, and the market is expected to run stably, depending on the situation of the factories in the future.