Price data
According to the data of business associations, the price of domestic sulphur market dropped slightly this week. The average price of domestic granular sulphur at the beginning of the week was about 1016.67 yuan/ton, and the average price of domestic granular sulphur at the weekend was about 1010.00 yuan/ton, with a drop of 0.66% in the week.
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II. Market Analysis
Products: Sulphur market prices fell slightly at the beginning of this week, the market performance was quiet. Before May 1st, refineries in various regions in China reduced their inventories appropriately, sorted out according to the shipment situation after the savings. There was insufficient downstream demand, low purchasing price and multi-rational wait-and-see in-the-field negotiations. As of the 10th day, the mainstream price of solid sulfur in Shandong area of Sinopec is around 1050 yuan/ton, while the mainstream price of liquid sulfur is 920-1000 yuan/ton; the mainstream price of solid sulfur in North China is 900-1040 yuan/ton, the mainstream price of liquid sulfur is 870-990 yuan/ton; the mainstream price of solid sulfur in East China is 920-1040 yuan/ton, and the mainstream price of liquid sulfur is 930-990 yuan/ton.
Industry Chain: The price trend of downstream sulfuric acid has dropped sharply, with an average price of 337.50 yuan/ton at the beginning of the week, 265.00 yuan/ton at the weekend and a 21.48% drop in the week. The bromine market has been running steadily this week, and the average price of bromine has remained around 3500.00 yuan/ton in the week, up 28.35% from the same period last year. The favorable conditions for the downstream sulfuric acid market are limited, and the businessmen mainly wait and see, but the support for the upstream sulfur market is weak.
3. Future Market Forecast
Sulphur analysts from the Business Society Chemical Branch believe that after the festival, there is a lack of substantive information guidance, and the short-term sulfur market is difficult to improve. It is expected that later consolidation will dominate.
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