According to the price monitoring of business news agency, the trend of sulfur price in East China continued to rise this week. The average price of sulfur production at the weekend was 1070 yuan / ton, up 2.88% compared with 11040 yuan / ton at the beginning of the week and 112.58% compared with the same period last year.
This week, the domestic sulfur price went up as a whole. During the week, the inventory of refineries in various regions in China remained low. Downstream factories and traders purchased on demand, the demand was stable, the seller’s shipment was not under pressure, and the quotation of domestic refineries went up. Sinopec Jinling Petrochemical’s solid sulfur price in East China increased by 50 yuan / ton, while other enterprises’ sulfur prices were temporarily stable; Sinopec’s solid sulfur price in Shandong increased by 20 yuan / ton; Sinopec’s solid sulfur price in North China increased by 20 yuan / ton, and the liquid sulfur price in the target market. As of the 29th, the regional price of sulfur in China is as follows:
29 Jan 2005
Sulfur (particle) 1100-1280 yuan / ton in East China
890-940 yuan / ton of sulfur (particle) in North China
Sulfur (particle) 1040-1070 yuan / ton in Shandong Province
The downstream phosphate fertilizer market is good, monoammonium and diammonium are stable and upward, the manufacturers have no pressure to ship, the downstream inquiry enthusiasm is high, and the future market trend is upward. In terms of sulfuric acid, affected by public health incidents, the situation of manufacturers’ delivery is general. At present, they mainly digest the inventory, and the price is partial to sorting operation. As the holiday is approaching, the possibility of downstream stock preparation before the festival is not ruled out. It is expected that the sulfuric acid market will rise slightly in the later period.
Sulfur analysts of business news agency believe that the inventory of domestic refineries remains low, the downstream demand is stable, and the manufacturers’ shipment is smooth. The price of external offer is high, the cargo right of port is concentrated, the offer of cargo holder is rising, the operators in the yard are mainly cautious and wait-and-see, the holiday is approaching, and the downstream may carry out replenishment operation. It is expected that the sulfur market will be reorganized and operated in the later stage.
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