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Home - News - The Sulfur Market Price in East China Fell First and Then Rose (November 14-20)

The Sulfur Market Price in East China Fell First and Then Rose (November 14-20)

November 24, 2022

Price trend

According to the price monitoring of SunSirs, the sulfur price in East China fell first and then rose this week. On November 20, the average price of sulfur was 1,363.33 RMB/ton, unchanged from the price of 1,363.33 RMB/ton on November 14, with a month on month drop of 4.88%.

Analysis review

This week, the sulfur market in East China was on the side of consolidation and operation, and the progress of the terminal winter storage market was average. The downstream mainly purchased sulfur just in need, and the domestic refinery shipments were not good. In terms of supply, the enterprise had no inventory pressure for the time being. The operators were wait-and-see and actively shipping. Some enterprises made quotation adjustment according to their own shipping situation within the week. As of the 20th, the mainstream price of solid sulfur in refineries in Shandong was about 1,320-1,470 RMB/ton, and the mainstream price of liquid sulfur was 1,250-1,390 RMB/ton.

The downstream sulfuric acid market was on the sidelines, and the price trend was stable this week. As of November 20, the average price of domestic sulfuric acid was 346 RMB/ton. Affected by public health events, the downstream was not willing to take goods, the enterprise's shipment was not smooth, the market trading atmosphere was general, the contradiction between supply and demand continued, and some enterprises' quotations were temporarily stable, with a wait-and-see attitude in the future.

Ammonium biphosphate market was running on the strong side, and the price rose within the week. On November 20, the average market price of 55% powdered ammonium biphosphate was 3,125 RMB/ton, and on November 14, the average market price of 55% powdered ammonium biphosphate was 3,050 RMB/ton. This week, the market price of ammonium biphosphate rose 2.46%. The operating rate of downstream compound fertilizer enterprises increased, and the demand for raw materials increased. However, the operating rate of ammonium biphosphate manufacturers was low, and the market supply was tight, which had multiple positive effects. The quotation of ammonium biphosphate was raised.

Market outlook

According to the sulfur analysts of SunSirs, the domestic sulfur market was wait-and-see and consolidated, downstream demand was general, the progress in the winter storage market was slow, demand for sulfur had insufficient support, there was no pressure on the domestic refinery inventory at the supply side, and the market supply and demand were in a stalemate. It is expected that the sulfur market will consolidate and operate in the short term, with specific attention paid to the downstream follow-up.