Price data

According to the data from the business associations’list, the domestic sulfur market shocks down this week. The average price of granular sulfur at the beginning of the week is about 1433.33 yuan per ton, and the average price of granular sulfur at the weekend is about 1373.33 yuan per ton. The price of granular sulfur at the end of the week falls by 4.19%.

II. Market Analysis

Products: Domestic sulphur market turnover this week is general, approaching the Spring Festival holidays, some downstream work has been suspended for holidays, businessmen are cautious about pre-Festival mentality. On Wednesday, domestic sulphur market quotations fell centrally. For domestic refineries, Sinopec’s refineries fell sharply. The mainstream quotations for solid sulphur ranged from 1150 to 1460 yuan/ton, and for liquid sulphur ranged from 1170 to 1400 yuan/ton. Among them, Zhenhai, Jinling and Gaoqiao Petrochemical Company in Shanghai all dropped by 100 yuan per ton, while Yanshan and Luoyang Petrochemical Company slightly decreased by 10 yuan per ton.

Industry chain: In the downstream industry this week, the main distribution price of sulphuric acid in Shandong increased slightly: Heze Jiangyuan quoted 400 yuan/ton, with a slight increase of 20 yuan/ton; Jinan Yuanfei quoted 550 yuan/ton, with a temporary stabilization; Zouping Tianlu quoted 290 yuan/ton, with a slight increase of 20 yuan/ton.

3. Future Market Forecast

Sulphur analysts from Business Society Chemical Branch believe that the mainstream port stock is not high in the near future. They support the market slightly. Traders have an obvious price-fixing mentality. They are not willing to make profits and deliver goods. Lower-stream buyers are mainly on the lookout. They expect the sulfur market to stabilize in the near future.