According to the price monitoring of the business community, after coming back from the new year’s Day holiday, the sulfur price easily dropped by 1000 yuan after a 20 yuan / ton reduction. Since the beginning of January, the domestic sulfur price has been adjusted several times, and the sulfur price in East China has “stepped” up. As of February 3, the sulfur price rose from 993.33 yuan / ton on January 5 to 1100 yuan / ton, or 10.74%, to 1100 yuan / ton.
As of February 3, the regional price of sulfur in China is as follows:
February 3, 2007
1140-1280 yuan / ton sulfur (particle) in East China
Sulfur (particle) 910-960 yuan / ton in North China
Sulfur (particle) 1060-1090 yuan / ton in Shandong Province
The downstream sulfuric acid market has dropped sharply, the prices of the mainstream sulfuric acid manufacturers in Shandong have fallen, the manufacturers have large inventories, the downstream demand is general, individual acid enterprises are limited by environmental protection, the start-up is unstable, the holidays are approaching, the enterprises begin to have holidays, and the domestic trend of the later sulfuric acid market is weak. The demand for phosphate fertilizer is fair, the enterprise has a smooth flow of goods, and the market trend is relatively strong.
Sulfur will continue to rise in the second half of 2020. As of December 31, the price of sulfur will rise to 1013.33 yuan / ton, breaking the 1000 yuan mark. The fundamental reason lies in the continuous improvement of external support, the concentration of port cargo rights, the good mentality of cargo holders and the firm operation on the site, while the domestic refineries’ inventory in various regions is low, the demand of downstream factories and traders is stable, the seller’s delivery is under no pressure, and the price is rising steadily.
At present, the domestic refinery inventory remains low, downstream factories and traders enter the market to replenish on demand, the demand is stable, and the manufacturers ship smoothly. The price of external offer goods is high, the attitude of supporting the market is obvious, the cargo rights of ports are concentrated, the offer of cargo holders rises, and the sulfur market is expected to continue upward consolidation before the Spring Festival.
| PVA |