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SunSirs: Sulfur Market Consolidated in August

Increase font size  Decrease font size Date:2022-09-06   Views:74

  According to the price monitoring of SunSirs, the trend of sulfur prices in August was generally upward, and the market conditions were consolidated. As of August 31, the average ex-factory price of the sulfur market in East China was 1,163.33 RMB/ton, compared with the average ex-factory price of 926.67 RMB/ton at the beginning of the month, an increase of 25.54% in the month.Analysis review

  In August, the domestic sulfur market was wait-and-see, and the price trend rose slightly in the first ten days. The main reason was that the sulfur market fell continuously and wide in July, the price fell to a low level, and the downstream replenishment intention increased, which brought certain benefits to the market. Individual manufacturers raised their quotations according to their own shipments. The sulfur market in the mid-to-late ten days was dominated by wait-and-see operations. The domestic price did not change much, mainly due to the weak downstream demand. The sulfuric acid continued to decline during the month, and the purchases in the market were limited. However, in the later period, the ports were reluctant to sell, giving the market some support. The supply and demand of the sulfur market was stalemate, and the price fluctuated slightly.

  The price of downstream sulfuric acid continued to decline in August. The price fell from 612.00 RMB/ton at the beginning of the month to 282.00 RMB/ton at the end of the month, an overall decrease of 53.92% during the month. During the month, the domestic sulfuric acid was weak and weak, the construction on the market was relatively high, the supply of goods was sufficient, the downstream demand was weak, the enthusiasm for entering the market was weak, the transaction on the market was insufficient, and the shipment of enterprises was hindered. In order to ease inventory pressure, the trading center of sulfuric acid market moved down.

  In terms of phosphate fertilizer, the market was weak in August, the price of ammonium biphosphate fell sharply, the raw material phosphate rock fell from a high level, the downstream demand in the field was general, the market was deserted, and the sulfur market was weak, and the cost support was insufficient, and the price of ammonium biphosphate fell weakly. The DAP market was mainly based on wait-and-see arrangements. The domestic demand for DAP was off-season, and the export market was not good. Most manufacturers stopped quoting, and traders' quotations were chaotic, and they were sold at lower prices, and the price of DAP was weak.

  Market outlook

  Sulfur analysts of SunSirs believe that the domestic sulfur market is currently stable and small, the overall market is stable, the downstream demand is weak, the enthusiasm for entering the market is general, and there is no good news guidance in the market. In the short term, the sulfur market is weak and wait-and-see operation. In the long run, considering the increase in the demand for fertilizer in the downstream autumn, the price of sulfur may rise in the later period, and pay attention to the market follow-up situation.

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