According to the price monitoring of the business agency, the sulfur price in East China rose slightly this week. On May 27, the sulfur price was 4060.33 yuan / ton, up 0.58% during the week and 13.29% month on month compared with the price of 4040.00 yuan / ton at the beginning of the week.

This week, the sulfur market fluctuated. Some refineries were still in the maintenance stage, with limited enterprise output, no pressure on inventory, tight domestic supply, and stable downstream demand. Sulfur refineries’ quotations were raised according to their own shipping conditions. In the later stage, the port sulfur price fell, the market atmosphere weakened, and the quotations of individual refineries were reduced. However, the overall market performance was in short supply, the downstream demand was good, and the sulfur price was still high during the week. As of the 27th, the price of sulfur fixation in refineries in Shandong was between 4020-4120 yuan / ton, with an increase of 20 yuan / ton in the range, and the mainstream price of liquid sulfur was between 3950-4050 yuan / ton, with an increase of 50 yuan / ton in the range.

This week, the sulfuric acid Market in Shandong was weak, and the price trend in the week was stable, moderate and downward. On May 27, the quotation was 1066 yuan / ton, a decrease of 0.19% compared with the beginning of the week. The units of mainstream sulphuric acid manufacturers in Shandong have resumed normal operation, and the inventory may increase. The mentality of the operators is weak. In addition, the downstream demand is not enough to follow up. The quotations of individual enterprises have been reduced slightly, and the overall market in the week is mainly on the sidelines.

The downstream phosphate fertilizer market was consolidated and operated. The market price of ammonium decreased slightly within one week. The manufacturer’s inventory was tight. Most enterprises’ quotations were suspended and a small number of orders were received. The downstream enterprises just needed to follow up. The market trading atmosphere was acceptable. The high level of diammonium was temporarily stable, and the price trend in the week was stable. The supply of diammonium in the market was tight, and the demand was small. Most enterprises suspended their quotation, and the orders were mainly for export, and diammonium operated at a high level.

According to the sulfur analysts of the business club, the domestic sulfur market is in tight supply, the enterprise inventory is not under pressure, the downstream demand is stable, and the sulfur price is high. On the other hand, the sulfur price has continued to rise to the highest level. Considering that there may be resistance in the downstream, it is expected that the sulfur market will be in a stalemate in the future, and the overall price trend is still high. Specific attention will be paid to the market follow-up.

Aluminum prices rose on May 26

According to the data of business agency, on May 26, the average market price of domestic aluminum ingots in East China was 20503.33 yuan / ton, a daily decrease of 0.15%, a decrease of 1.55% compared with the average market price of 20826.67 yuan / ton at the beginning of the month (5.1), and an increase of 11.37% compared with the average market price of 18410 yuan / ton in the same period last year.

Based on the peak value in 2021 (October 19, 2021), the average market price of aluminum ingot is 24240 yuan / ton, which has fallen by 15.42% from the peak value recently. Starting from the recent recovery (December 13, 2021), the average market price of aluminum ingot is 18693.33 yuan / ton, up 9.68% recently.

Latest price (May 25): 6666 yuan / ton

Key points of analysis: on May 25, the average price of domestic LNG market was 6666 yuan / ton, unchanged from the previous day, with a year-on-year increase of 91.92%. At present, the supply side of liquid plant maintenance in some regions is favorable. The manufacturers stand firm and wait-and-see, and the market is generally stable. However, the demand in the off-season continues to weaken, the receiving capacity of downstream users is general, the domestic LNG market is weak, and the overall transaction atmosphere of the market is still light.

The domestic LNG market is expected to be stable and weak in the short term.

The latest p-value price of ethylene glycol on May 24 was 5000 yuan / ton, unchanged from the previous trading day. Up 0.40% year-on-year.

The oil price fluctuated in a narrow range under the long short game in the crude oil market due to the possible economic recession and domestic restrictions on the epidemic, as well as the expectation of tight global supply and the recovery of fuel demand in the US summer driving season. It fell by nearly US $1 on Tuesday. Today, Meg’s external market is lower, buyers are mainly on the sidelines, and the recent negotiated price of shipping is around us $600 / ton. Ethylene glycol goes to the warehouse slowly, the inventory level is high, the port shipment volume decreases, and the demand continues to be depressed. Recently, the polyester operating rate has remained around 80%, mainly contract goods, the market wait-and-see atmosphere continues, and the terminal preparation is cautious.

Forecast: in the short term, the market has great upward resistance and low volatility.

1、 Price trend

Latest price (May 23): 8643.75 yuan / ton

Key points of analysis: on May 23, the average domestic spot price of pvc5 was 8643.75 yuan / ton, down 0.19% from the previous trading day and 6.43% year-on-year. At present, the futures price has fallen, the offer in the spot market has fallen, the market trading is relatively flat, the downstream demand continues to maintain rigid demand, and the wait-and-see attitude is obvious. In addition, the export has weakened, which has suppressed the market atmosphere, the focus of the PVC market has shifted downward, and the transaction is more cautious. Up to now, the price of raw calcium carbide is about 4200-4500 yuan / ton, and the price of PVC is 8300-8800 yuan / ton.

The PVC market is expected to weaken.