Product name: Sulfur
Latest price: On August 7th, the average sulfur price in East China was 933.33 yuan/ton, an increase of 5.26% compared to the previous working day price of 886.67 yuan/ton.
Analysis: The domestic sulfur market has shown a strong upward trend, with prices rising significantly. The on-site refinery equipment is operating normally, the supply of goods is stable, and manufacturers are actively shipping. Downstream demand for phosphate fertilizer is increasing, and prices are rising. The sulfur market has a positive attitude, and manufacturers have increased their willingness to rise. Downstream purchases are active, and the company’s shipments are smooth over the weekend. The refinery’s sulfur quotation continues to rise, and as of Monday, the sulfur market price has increased by a total of 50-70 yuan/ton.
Future forecast: Sulfur prices have significantly increased in the short term, and the future market needs to wait and see how the downstream accepts high priced sources. It is expected that the short-term sulfur market will consolidate and operate, and specific attention will be paid to the downstream follow-up situation.
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