In April, The Sulfur Market Rose First and Then Fell, With An Overall Increase of 5.91% in The Month

According to price monitoring, the price trend of sulphur in April rose first and then fell, and the market conditions were on the strong side. As of April 29, the average ex-factory price of the sulfur market in East China was 3,586.67 CNY/ton, a 5.91% increase in the month compared with the average ex-factory price of 3,386.67 CNY/ton at the beginning of the month.

In April, the domestic sulfur market was relatively strong, and the price rose during the month. Domestic refinery maintenance, no pressure on corporate inventories, support from the rise in the downstream sulfuric acid market in the early stage, increasing demand for liquid sulfur, coupled with tight port spot, high prices, supporting domestic fixed sulfur prices, on-site traders’ quotations rose continuously, and downstream sulfuric acid market at the end of the month. Weak, the support for sulfur is reduced, logistics in Shandong is limited, and it is difficult for enterprises to ship, and the price of sulfur is slightly lowered.

Industry chain downstream situation

The price of downstream sulfuric acid rose first and then fell in April. The price at the beginning of the month was 1133.33 CNY/ton, and the price at the end of the month was 1168.33 CNY/ton, an overall increase of 35 CNY/ton, an increase of 3.31% in the month. During the month, the domestic mainstream sulfuric acid manufacturers produced low-load production, and the inventory was relatively small. The downstream purchases in the market declined compared with the previous month. The shipments of the enterprises were acceptable, and the quotations rose according to the trend, and the market was relatively strong during the month.

In terms of phosphate fertilizer, the market was stable and improved in April. The market price of monoammonium continued to rise. The company had sufficient quantities to be released, and the market remained firm at a high level; the diammonium market was adjusted at a high level, and the price trend rose slightly. Trading is acceptable, traders operate cautiously. The demand of phosphate fertilizer enterprises is stable, and the ammonium phosphate market is generally upward.

Market Outlook

Sulphur analysts of the business community believe that in terms of supply and demand, domestic refineries have no pressure on inventory, downstream demand is improving, and the market is in short supply. However, due to the impact of the epidemic, transportation is limited, and on-site trading has weakened. The short-term sulfur market outlook will wait and see. , or may rise, please pay attention to the market transaction situation.