According to the data of business associations, the price of domestic sulphur market has been declining this week. At the beginning of this week, the average price of granular sulphur is about 963.33 yuan/ton. At the end of this week, the average price of granular sulphur is 943.33 yuan/ton. The price of granular sulphur dropped by 2.08% in the week and 13.10% year-on-year.
II. Market Analysis
Products: This week, the domestic sulphur market continued to be weak, prices declined, downstream demand performance was weak, there was a lack of information support in the field, refineries in various regions in the week fell appropriately according to their own conditions, the decline was 30-60 yuan/ton. As of the 12th, the mainstream price of solid sulfur in Shandong area of Sinopec is around 980-1000 yuan/ton, and that of liquid sulfur is 800-850 yuan/ton. The mainstream price of solid sulfur in North China is 700-850 yuan/ton and that of liquid sulfur is 740-830 yuan/ton. The mainstream price of solid sulfur in East China is 840-940 yuan/ton and that of liquid sulfur is 740-830 yuan/ton. The mainstream price is 840-890 yuan/ton.
Industry chain: The price trend of sulphuric acid Market in the lower reaches of this week continues to rise, with partial flexibility rising and falling. On the 12th, the main distribution price of sulphuric acid in Shandong rose slightly: Heze Jiangyuan quoted 220 yuan/ton with a slight increase of 20 yuan/ton; Jinan Yuanfei quoted 450 yuan/ton with a temporary stabilization; Zouping Tianlu quoted 150 yuan/ton with a temporary stabilization; Dezhou Meihua quoted 100 yuan/ton with a temporary stabilization. The sulphuric acid market is stable, the market demand is still acceptable, and the merchants are more wait-and-see mentality.
3. Future Market Forecast
Business sulfur analysts believe that the current trend of sulfur is still weak, demand performance is sluggish, on-site wait-and-see atmosphere is strong, and short-term sulfur market consolidation is expected to shake.