1、 Price trend

According to the price monitoring of the business agency, the sulfur production price in East China at the weekend was 956.67 yuan / ton, which was 0.70% higher than 950.00 yuan / ton at the beginning of the week, and 57.69% higher than that of last year.

2、 Market analysis

This week, the sulfur market in East China rose slightly. The inventory of refineries in various regions of China was low. Downstream factories and traders purchased on demand, and the shipment was smooth. The port ownership was centralized. The shippers had a positive attitude and had no intention to ship at low price. The market was organized and operated. Within the week, Sinopec’s quotation of solid sulfur in East China was increased by 20 yuan / ton, mainstream price was 940-1250 yuan / ton, liquid sulfur was increased by 20-40 yuan / ton, mainstream price was 890-1100 yuan / ton; the quotation of solid and liquid sulfur in Shandong area of Sinopec was stable, with quotations of 960-970 yuan / ton; that of Sinopec in North China was 860-880 yuan / ton, and that of liquid sulfur was 830-890 yuan / ton.

The market of phosphate fertilizer in the lower reaches is slightly flat. For the first ammonium fertilizer, the overall market price remains stable, while for the diammonium fertilizer, the market keeps stable operation. The quotation of some manufacturers rises slightly, while the price of winter storage fertilizer is pulled down and the price is on the high side. In terms of sulfuric acid, the domestic market performance is still differentiated. The price trend in Shandong remains stable. The quotation of mainstream manufacturers is stable, the inventory of manufacturers is small, and the downstream demand is strong. The sulfuric acid market is expected to rise slightly in the future.

3、 Future forecast

Aftermarket forecast: according to the sulfur analysts of business club, the domestic sulfur market is stable and upward, the domestic refinery inventory remains low, the downstream demand is stable, and the market performance is good. It is expected that the short-term sulfur market will be sorted and operated.