1、 Price trend

According to the price monitoring of business agency, the average ex factory price of sulfur market in East China on March 31 was 626.67 yuan / ton, up 12.57% in the month compared with 556.67 yuan / ton at the beginning of the month, down 45.98% year-on-year.

2、 Market analysis

Product: the domestic sulfur market in March is strong. In the early stage, with the successive resumption of downstream factories and the improvement of road transportation, major production units in various regions have increased performance to varying degrees. With the start of fertilizer spring ploughing, the relevant downstream enterprises of sulfur industry have resumed work one after another, and the operating rate of downstream mainstream varieties monoammonium phosphate and diammonium phosphate enterprises has increased, effectively boosting the overall confidence of the market, and the downstream resumption of production has led to the improvement of sulfur demand. However, from the perspective of supply and demand performance, there is a lack of substantive information guidance in the site, high port inventory, downstream sulfur Procurement Based on demand, low price of purchase intention in the market, no low price shipping intention of the buyer and seller for the moment, strong wait-and-see mood in the negotiations between the buyer and the seller, insufficient follow-up in the downstream, and poor performance in the sulfur market. It is expected that the sulfur market will be sorted and operated later. At present, the quotation of solid sulfur is 580-680 yuan / ton in East China, 510-630 yuan / ton for liquid sulfur; 530-570 yuan / ton for solid sulfur and 400-450 yuan / ton for liquid sulfur in North China; 630-650 yuan / ton for solid sulfur and 410-460 yuan / ton for liquid sulfur in Shandong.

Industry chain: domestic market of downstream sulfuric acid continues to be weak, market differentiation is obvious, delivery and investment tend to be light operation, sulfuric acid enterprises send more early orders, short-term start-up is insufficient, supply is slightly tight, inventory in other regions is more pressure operation, continue to paste shipment. Now India has announced a comprehensive closure of the city, the export of sulfuric acid is limited, and the contradiction between domestic supply and demand is still prominent. At present, the favorable factors of the acid market are limited. Under the contradiction between supply and demand, the rise of acid price is still weak.

3、 Future forecast

According to the sulfur analysts of the business association, the sulfur market has a stalemate performance, limited downstream demand, insufficient follow-up, slow consumption of high port inventory, weak downstream market entry procurement, strong wait-and-see intention of the operators, lack of substantive information guidance on domestic supply and demand, and cold trading in the sulfur market. At present, there are many unstable factors in the market. The buyer and the seller have different predictions on the future market. It is expected that the short-term market or weak stability will be sorted out. The later trend still depends on the factory’s follow-up and export trend.