1、 Price trend

According to the price monitoring of business agency, the average ex factory price of sulfur market in East China on October 30 was 956.67 yuan / ton, which was 1.77% lower than that of 940.00 yuan / ton at the beginning of the month, and increased by 57.69% over the same period last year.

2、 Market analysis

In November, the overall sulfur market was stable and upward. Port cargo rights were concentrated, and the market was obviously supported by cargo holders. The offer was intended to increase. The domestic refineries’ inventory was low, the downstream demand was stable, and the shipment performance was stable. Domestic sulfur manufacturers adjusted their quotations according to the sales situation, and the sulfur market price rose steadily in the month. As of the 30th, the quotations of solid sulfur and liquid sulfur in East China were 940-1250 yuan / ton, 890-1100 yuan / ton, 860-880 yuan / ton and 830-890 yuan / ton in North China, 960-970 yuan / ton in Shandong Province.

The domestic market of downstream sulfuric acid is dominated by the market. The shipment of sulfuric acid manufacturers in Shandong is stable, the inventory of acid enterprises is low, and the market of sulfuric acid is stable and slightly rising. Domestic acid enterprises are limited by environmental protection and start their operations unsteadily. The overall market trend is diversified. The demand for phosphate fertilizer is strong, and the enterprise’s goods are smooth, and the future market is stable temporarily.

3、 Future forecast

According to the sulfur analysts of the business club, the downstream factories and traders of the sulfur market enter the market to replenish as needed. The inventory of domestic refineries is low, and the price is firm. The attitude of the shippers in the port is positive and the attitude of supporting the market is obvious. It is expected that the sulfur market will be sorted out and operated in the later stage, and the market trend will be observed specifically.