Price trend
The Sulfur Commodity Index on August 17 was 96.39, an increase of 3.84 points from previous day, a decrease of 7.17% from the cycle highest point of 103.84 points (2011-11-02), and an increase of 273.75% from the lowest point of 25.79 points on February 24, 2020. (Note: Period refers to 2011-09-01 to present)
According to the price monitoring of SunSirs, sulfur prices in East China rose slightly on the 17th. The average sulfur production price was 1,756.67 RMB/ton, an increase of 4.15% from the previous working day.
Analysis review
Refineries in various regions raised their overall quotations based on their own shipments, and solid and liquid sulfur increased by 30-80 RMB/ton simultaneously.
The supply of goods in the port was difficult to find, and the holders were reluctant to sell their products. The downstream market was on the sidelines. The domestic refineries were operating normally. Traders mainly purchased on demand. The external prices were firm and the insiders had a better mentality.
Market outlook
At present, the domestic sulfur market is running at a high level. The downstream phosphate fertilizer market, domestic demand and export orders are improving, and the domestic spot supply is tight. The market is mainly up, which has better support for sulfur. The market players have a better mentality, and the market outlook for the sulfur market will continue to be strong, with specific attention to market transactions.
