1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, sulfur prices have slightly decreased this week. On September 2nd, the sulfur price was 1465.00 yuan/ton, a decrease of 2.73% compared to the sulfur price of 1425.00 yuan/ton on September 6th, and an increase of 11.76% compared to the beginning of last month.
The sulfur market has slightly declined this week. The sulfur production during the week was 216200 tons, an increase from last week. Manufacturers shipped smoothly, while refineries lowered their prices slightly based on their own shipment situation. In terms of ports, the atmosphere of terminal and trader replenishment gradually weakened, which weakened the support for the spot market. The sulfur market price remained stable with small fluctuations.
2、 Market analysis
Downstream market trends in the industrial chain:
The downstream sulfuric acid market is running sideways. On September 6th, the average price of sulfuric acid in China was 400 yuan/ton, an increase of 50 yuan/ton compared to the price of 350 yuan/ton at the beginning of last month, an increase of 14.29%. The production of on-site enterprises is stable, the market supply is sufficient, downstream demand is insufficient, stocking is followed up as needed, acid companies have average shipments, manufacturers are in a stalemate, and the short-term sulfuric acid market is operating on a wait-and-see basis.
The downstream ammonium phosphate market is weak and declining. On September 6th, the average price of 55% powdered ammonium was 3323.33 yuan/ton, a decrease of 0.40% compared to the price of 3336.67 yuan/ton on September 1st. Downstream demand has shown weak performance, new order follow-up is weak, market transactions are insufficient, and manufacturers face significant sales pressure, resulting in a decline in ammonium prices.
3、 Future forecast
The sulfur analyst from Shengyi Society believes that the current market trading atmosphere is mild, and downstream enthusiasm is average. It is expected that the short-term sulfur market will remain stable and wait to see, and specific attention will be paid to downstream follow-up.
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