According to the Commodity Market Analysis System of the Business Society, the sulfur price trend in East China fell first and then rose in October, resulting in a weak market situation. On October 31st, the average ex factory price of sulfur in the East China region was 936.67 yuan/ton, a decrease of 7.87% compared to the average ex factory price of 1016.67 yuan/ton at the beginning of the month.

After the holiday, the sulfur market in East China continued its trend in September, with prices continuously decreasing. The main reason is that the terminal autumn fertilizer use has entered the closing stage, downstream procurement has recovered smoothly, and the shipment of sulfur refineries is poor. In order to alleviate inventory pressure, manufacturers’ quotations have been continuously lowered, and the sulfur market has moved downwards; Starting from the 18th, downstream procurement will follow up on demand. Some refineries have smooth shipments, no inventory pressure, and sulfur prices have slightly increased. However, demand is limited, and the overall increase in sulfur is not significant.

The downstream sulfuric acid market fell significantly in October, with a market price of 306.00 yuan/ton at the beginning of the month and 258.00 yuan/ton at the end of the month, with a decrease of 15.69% within the month. The mainstream sulfuric acid manufacturers in China operate normally, with stable market supply and average downstream demand. The shipment of sulfuric acid enterprises is not smooth, and the inventory pressure of manufacturers increases. The price of sulfuric acid continues to decrease.

The market of monoammonium phosphate stabilized at a high level in October, with fertilizer usage gradually ending in the autumn and downstream demand weakening. However, monoammonium enterprises issued sufficient orders, manufacturers had a good mentality, and with cost support, the price of monoammonium continued to operate at a high level. As of October 31, the average market price of 55% powdered monoammonium was 3150.00 yuan/ton, which was 3083.33 yuan/ton compared to the average price on October 1, with a price increase of 2.16%.

In the future market forecast, sulfur analysts from the Business Society believe that the sulfur enterprise’s equipment is operating normally, the supply of goods is stable, manufacturers are actively shipping, and there is currently no inventory pressure. The terminal winter storage market has not yet opened, and downstream customers are following up on demand. Market demand is limited. Under the supply and demand game, it is expected that the sulfur sulfur market will stagnate and consolidate in the future.