Price trend

According to the price monitoring of the Business Agency, the price trend of sulfur in East China fell first and then rose this week. The average price of sulfur was 1153.33 yuan/ton on February 17, up 0.58% from 1146.67 yuan/ton on February 11, down 1.42% from the beginning of the month.

The range of sulfur market in East China is sorted out. The domestic refinery units are operating normally, the market supply of goods is stable, the enthusiasm of taking goods from the downstream is not good at the beginning of the week, and the manufacturer’s inventory is sufficient. In order to stimulate the shipment, the sulfur price is reduced, and the downstream procurement is increased at the end of the week, and the enterprise’s shipment is stable. Some manufacturers raise their prices according to their own inventory, and the overall price fluctuation during the week is not large. As of the 17th, the mainstream price of solid sulfur in refineries in Shandong was around 1120-1190 yuan/ton; The mainstream price of liquid sulfur is 1080-1150 yuan/ton.

Downstream market of industrial chain

The downstream sulfuric acid market was dominated by the average price of domestic sulfuric acid at 238.33 yuan/ton as of February 17, up 2.87% from 231.67 yuan/ton at the end of last week. The sulphuric acid plant operates normally, the market supply is stable, the downstream demand is increased compared with the previous period, the market trading atmosphere is improved, and the sulphuric acid enterprises raise their prices according to their own shipments.

The market of monoammonium phosphate rose first and then fell. On February 17, the average market price of 55% powdered monoammonium phosphate was 3320.00 yuan/ton. On February 11, the average market price of 55% powdered monoammonium phosphate was 3317.50 yuan/ton. The market price of monoammonium phosphate increased by 0.08%. Downstream customers are cautious, with general purchasing enthusiasm, few new orders on the market, poor overall trading atmosphere, fluctuating market trading focus, and the weekly market of monoammonium phosphate.

Aftermarket forecast

According to the sulfur analyst of the Business Society, the domestic refinery units operate smoothly, the market supply of goods is stable, the sulfur price is greatly affected by the downstream demand, the terminal phosphate fertilizer market is not performing well, the sulfur market is lack of positive, the refinery is mainly temporarily stable delivery, the operators are wait-and-see attitude, and the short-term sulfur market is expected to operate smoothly, and the follow-up situation of the downstream is specifically concerned.