Price trend
According to the price monitoring of SunSirs, the average price of sulfur production in East China on March 30 was 1,456.67 RMB/ton, a drop of 1.35% from the price on the 29th. As of the 30th, the domestic solid sulfur price was between 1,360-1,490 RMB/ton and the liquid sulfur price was between 1,300-1,460 RMB/ton.
Analysis review
The domestic sulfur market was stable and had a downward trend. The refineries in various regions adjusted their prices according to their own shipments. The solid and liquid sulfur in North China and Shandong were all slightly lowered. As of the 30th, the sulfur inventory of domestic refineries in various regions was low, the downstream purchasing enthusiasm was low, the support was weak, and the stalemate was mainly wait-and-see.
In the downstream, the demand for phosphate fertilizer industry was stable, and spring plowing fertilizer was approaching, which had certain support for the sulfur market.
Market outlook
SunSirs believes that the sulfur market will consolidate in the later stage.
