According to the price monitoring of business news agency, the price of sulfur in East China rose broadly this week. The average price of sulfur production at the weekend was 1286.67 yuan / ton, up 8.12% compared with 1190.00 yuan / ton at the beginning of the week, and up 20.25% within the month.
This week, the domestic sulfur market was strong and upward, the inventory of refineries in various regions was low, and the market sulfur supply was tight. As the downstream demand gradually returned to stability after the year, the quotation of domestic refineries was raised as a whole. During the week, Sinopec’s solid sulfur price in East China increased by 90 yuan / ton and liquid sulfur price by 80-100 yuan / ton; Sinopec’s solid sulfur price in Shandong increased by 100 yuan / ton; Sinopec’s solid sulfur price in North China increased by 80-90 yuan / ton, and liquid sulfur price in the target market. As of the 29th, the regional price of sulfur in China is as follows:
26 Feb 2005
1340-1420 yuan / ton sulfur (particle) in East China
1030-1120 yuan / ton of sulfur (particle) in North China
1220-1250 yuan / ton of sulfur (particle) in Shandong Province
In the downstream phosphate fertilizer market, the prices of Monoammonium and diammonium will rise in a wide range after the year, the export orders are good, the prices remain high, the fertilizer for spring farming is coming, the market demand is optimistic, the good will continue, and the future market may continue to rise. In terms of sulfuric acid, the market is strong upward, the supply of foreign sulfuric acid is tight, the export price of the market is rising, the downstream demand gradually returns to normal after the festival, the market transaction is good, and the later sulfuric acid market is mainly in consolidation and operation.
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Sulfur analysts of business news agency believe that the inventory of domestic refineries remains low at present, the downstream demand is stable after the festival, the manufacturers’ shipment is smooth, and the market support operation of the on-site operators is obvious. It is expected that the short-term sulfur market will operate at a high level and pay attention to the follow-up situation of the downstream.