Price trend
The Sulfur Commodity Index on August 24 was 102.24, an increase of 5.85 points from previous day, a decrease of 1.54% from the cycle highest point of 103.84 points (2011-11-02), and an increase of 296.43% from the lowest point of 25.79 points on February 24, 2020. (Note: Period refers to 2011-09-01 to present)
Analysis review
According to the price monitoring of SunSirs, sulfur prices in East China rose strongly on the 24th. The average sulfur production price was 1,863.33 RMB/ton, an increase of 6.07% from the previous working day. The quotations of domestic refineries in various regions were adjusted, and the prices of solid and liquid sulfur rose sharply, and the prices of solid and liquid sulfur rose by 30-80 RMB/ton simultaneously.
The supply of goods in the port was tight, and the spot on the market was hard to find. Holders were reluctant to sell. The price of sulfur was strong, which boosted the market mentality. The domestic refineries were operating normally and the inventory was low. The downstream market purchases were based on demand, the market was relatively traded, and the insiders had a better mentality.
Market outlook
At present, the domestic sulfur market is firm at a high level, the downstream phosphate fertilizer market, domestic demand and export orders are stable, the domestic spot supply is tight, the market situation is upward, and the support for sulfur is better. In the future, the sulfur market will wait-and-se, with specific attention to market transactions.
