Price trend

According to the price monitoring of the business society, the sulfur price trend first fell and then rose in December, and the overall market was upward. As of December 31, the average ex factory price of sulfur market in East China was 2026.67 yuan / ton, a decrease of 1.33% in the month compared with the average ex factory price of 2000.00 yuan / ton at the beginning of the month.

In December, the domestic sulfur market was consolidated and operated, and the price showed an overall upward trend in the month. At the beginning of the month, the market supply was sufficient, the downstream demand was weak, the phosphate fertilizer market was weak, the terminal consumption did not support sulfur, and the focus of on-site negotiation shifted downward. In the middle and late December, the trend of downstream products rose, the export of enterprises increased, the sulfur sales were smooth, the shipping atmosphere was good, the downstream market supported the upward sulfur market, and the quotation of sulfur enterprises rose.

Downstream market of industrial chain

The downstream sulfuric acid market first fell and then rose in December. The quotation increased from 628.33 yuan / ton at the beginning of the month to 645.00 yuan / ton at the end of the month, up 16.67 yuan / ton, or 2.65%. During the month, the prices of mainstream sulfuric acid manufacturers in Shandong increased, the manufacturers produced at low load and had less inventory. In addition, the enterprise’s shipment performance was good, the operator’s mentality was positive, and the quotation was increased according to the trend. The market trend in the month was upward.

In terms of phosphate fertilizer, the market of winter storage is weak. In December, the market of Monoammonium and diammonium is weak, the downstream demand is general, and the trading atmosphere on the floor is weak. Diammonium enterprises mainly maintain early orders, and the price trend runs smoothly. The market demand for monoammonium is low, the enthusiasm for downstream procurement is weak, the market orders are small, and the price trend continues to decline.

Future forecast

According to the sulfur analyst of business society, the current sulfur price is stable and wait-and-see operation, the inventory of refineries in domestic areas remains low, the downstream just needs to follow up, the enterprise shipment is smooth, and the market transaction is weak. It is expected that the sulfur market will wait-and-see consolidation, and it may rise in the later stage. Pay attention to the downstream demand.