SunSirs: The Sulfur Market Continues to Run in a Weak Position

https://www.chemnet.com   Jul 07,2022 SunSirs

　　According to the price monitoring of SunSirs, the price trend of sulfur in East China continued to decline last week. On June 30, the quotation of sulfur was 3653.33 RMB/ton, which was 2.06% lower than the price of 3730.00 RMB/ton at the beginning of last week and 9.79% lower than that at the beginning of last week.

　　Last week, the sulfur market was weak and down, the domestic sulfur quotation was high, there was resistance in the downstream, the sulfuric acid market was weak, the demand was limited, the terminal fertilizer came to an end, the overall market demand support was insufficient, the sulfur inventory pressure increased, the domestic refineries in order to maintain the delivery rhythm, the quotation was adjusted down, and the overall market atmosphere was weak. As of the 30th, the price of sulfur fixation in refineries in Shandong Province was between 3600-3760 RMB/ton, with a range reduction of 60-100 RMB/ton, and the mainstream price of liquid sulfur was between 3600-3760 RMB/ton, with a range reduction of 160-200 RMB/ton.Last week, the sulfuric acid Market in Shandong was weak, and the price fell during the week. The quotation of 998 RMB/ton on June 30 was quite high, a decrease of 1.95% compared with the beginning of last week. The devices of mainstream sulfuric acid manufacturers in Shandong operate normally, with sufficient market supply, weak downstream demand, weak enthusiasm for entering the market and weak upstream support. The mentality of operators is bearish, and the sulfuric acid market is sorted downward.

　　The downstream phosphate fertilizer market is on the sidelines. The market of ammonium chloride is stable in a week, and the downstream procurement is general. It is mainly to follow up on demand. The raw materials fall, and the support is weakened. The ammonium chloride market is on the sidelines, finishing and running. The market of diammonium is temporarily stable, the support of raw materials is weakened, the rise of diammonium market is postponed, the downstream is still resistant to high prices, the demand is weakened, the on-site trading is OK, and the market of diammonium is sorted out and operated.

　　According to the sulfur analyst of SunSirs, the domestic sulfur price is high, the downstream demand is weak, the need to buy at a low price is just needed, and the inventory pressure of refineries increases. In order to maintain the pace of shipment, the quotation has been continuously reduced. However, at present, the support of the sulfur market is weak, the downstream is more limited, and the market sentiment is obvious. It is expected that the sulfur market will continue to be weak in the future, and the price will be mainly downward. Specific attention will be paid to the market follow-up.

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