SunSirs: The Sulfur Market in East China Rose in November

https://www.chemnet.com   Dec 02,2022 SunSirs

　　According to the price monitoring of SunSirs, the sulfur price trend in East China continued to rise in November, and the market price was sorted up. As of November 30, the average ex factory price of sulfur market in East China was 1,410.00 RMB/ton, an increase of 11.32% compared with the average ex factory price of 1,266.67 RMB/ton at the beginning of the month.

　　Analysis review

　　In November, the sulfur market in the East China market was sorted up. Affected by public health at the beginning of the month, transportation was limited, manufacturers' shipments were blocked, and some quotations were lowered. However, with the opening of the phosphate fertilizer winter storage market, the export market improved, the downstream demand for sulfur increased, the port sulfur price rose, and the market atmosphere was bullish, driving the domestic refinery price upward. Later, downstream demand was stable, refinery shipments were smooth, and the sulfur market continued to rise.

　　The downstream sulfuric acid market declined weakly in November. At the beginning of the month, the market price of sulfuric acid was 414.00 RMB/ton, and at the end of the month, 321.67 RMB/ton, with an overall decline of 22.30% in the month. In November, domestic sulfuric acid continued to decline. Affected by public health events, the enterprise's shipment was not smooth, and the inventory pressure increased. In addition, the market was hit by low price goods. The market was bearish, and the trend of sulfuric acid declined.

　　The market of ammonium biphosphate rose sharply in November. This month, the start of ammonium phosphate enterprises was at a low level. There were few goods on the market, and the supply side was tight. In the downstream, the demand for winter storage market has been followed up, the enthusiasm for picking up goods in the downstream has increased, and the market for ammonium biphosphate has risen under the simultaneous positive supply and demand. As of November 30, the average market price of 55% powdered ammonium biphosphate was 3,450 RMB/ton, 16.95% higher than the average price of 2,950 RMB/ton on November 1.

　　Market outlook

　　According to the sulfur analysts of SunSirs, the winter storage market of phosphate fertilizer is currently in progress, and the downstream demand is increasing, so the sulfur support is good. At the same time, the high port market price has boosted the domestic sulfur market. It is expected that the sulfur market will rise mainly in the short term, and the downstream follow-up situation will be specifically concerned.

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