According to the price monitoring by the Business Agency, the sulfur price trend in East China rose first and then fell in March, resulting in a weak market situation. As of March 30, the average ex-factory price of sulfur in the East China region was 1083.33 yuan/ton, a decrease of 3.85% during the month compared to 1126.67 yuan/ton at the beginning of the month.
| PVA |
During the month, the sulfur market in East China was sorted out and operated, with the price trend mainly rising in the first ten days. The terminal market had a demand for fertilizer in spring, and the downstream purchasing enthusiasm was good. Enterprise shipments were smooth, and the sulfur market operated at a high price, rising from 1126.67 yuan/ton at the beginning of the month to 1223.33 yuan/ton, an increase of 8.58%; In the middle and late stages of the market, the price fell from 1223.33 yuan/ton to 1083.33 yuan/ton, a decrease of 11.44%. The main reason was that the performance of the terminal market was flat, downstream demand weakened, refineries lowered their prices to stimulate shipments, and the impact of buying up and not buying down mentality led to a weak decline in sulfur prices.
The market price of downstream sulfuric acid rose first and then fell in March. At the beginning of the month, the market price of sulfuric acid was 253.33 yuan/ton, and at the end of the month, it was 250.00 yuan/ton, with an overall decrease of 1.31% during the month. Before March 17, the trading atmosphere in the sulfuric acid market was good, with positive downstream delivery, smooth enterprise shipments, and favorable price increases; From March 18th to the end of the month, downstream demand weakened, enterprise shipments were poor, coupled with enterprise inventory pressure, and the price of sulfuric acid enterprises decreased.
The market of monoammonium phosphate in March was weak and sorted out, with weak market demand for monoammonium phosphate. Downstream purchasing was cautious, with a small amount of replenishment being the main factor. Due to insufficient intramarket trading, the focus of monoammonium phosphate transaction shifted downward. As of March 30, the average market price of 55% powdered monoammonium phosphate was 3250 yuan/ton, down 2.40% from the average price of 3330 yuan/ton on March 1.
In the future market forecast, sulfur analysts from Business News believe that the sulfur enterprise’s units are operating normally, the market supply is stable, and the end of spring fertilizer use in the terminal market is approaching. Downstream demand is weak, and there is a lack of positive results on the market. In the event of oversupply, it is expected that the short-term sulfur market will be weak and reorganized, with price fluctuations in the range. Specific attention will be paid to downstream follow-up.
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