China’s domestic sulfur market is strong and upward

On August 24, the sulfur commodity index was 102.24, up 5.85 points from yesterday, down 1.54% from the highest point of 103.84 in the cycle (2011-11-02), and up 296.43% from the lowest point of 25.79 on February 24, 2020( Note: period refers to the period from September 1, 2011 to now)

According to the price monitoring of business agency, the price trend of sulfur in East China rose strongly on the 24th, and the average price of sulfur production was 1863.33 yuan / ton, up 6.07% from the previous working day. The quotation of refineries in various regions in China was adjusted, the price of solid-liquid sulfur increased significantly, and the price of solid-liquid sulfur increased by 30-80 yuan / ton at the same time. The supply of goods in Hong Kong is tight, the spot on the site is difficult to find, the goods holders are reluctant to sell, and the external price is strong, which boosts the market mentality. The refineries in China operate normally, the inventory is low, the downstream market procurement is mainly on demand, the market trading is relatively stable, and the mentality of the field operators is good.

Future forecast: at present, the domestic sulfur market is high and strong, the downstream phosphate fertilizer market, domestic demand and export orders are stable, the domestic spot supply is tight, and the main actors in the market support sulfur well. The future sulfur market will wait and see to sort out, and pay attention to the market transaction.

Thiourea