Price trend
| POLYVINYL ALCOHOL |
According to the commodity market analysis system of the business community, the price of sulfur in East China continued to rise this week. On June 9, the price of sulfur was 840.00 yuan/ton, and on June 3, 810.00 yuan/ton. The price increased by 3.70% within the week and 12.00% month on month.
The sulfur market in East China has been sorted up. The refinery units in the plant are operating normally, the supply of goods in the market is rational, and the enterprises maintain a positive attitude of shipment. The downstream market entry follows up on demand, and the manufacturer’s shipment is relatively smooth. Some enterprises have raised their quotation based on their own shipment and inventory, and the sulfur market has risen slightly. As of now, the mainstream price of solid sulfur in refineries in Shandong region is around 870-900 yuan/ton; The mainstream price of liquid sulfur is between 750-900 yuan/ton.
Downstream market of the industrial chain
The downstream sulfuric acid market is running smoothly. On June 9th, the average domestic sulfuric acid price was 182.00 yuan/ton, which is consistent with the price of 182.00 yuan/ton on June 3rd. The operation of sulfuric acid plants is average, market supply is weakened, downstream demand is sluggish, market trading is light, and the mentality of operators is stagnant. Under the weak supply and demand situation, the quotation of sulfuric acid enterprises is temporarily stable.
The market price of monoammonium phosphate has weakened and decreased. On June 9th, the average market price of 55% powdered monoammonium phosphate was 2600.00 yuan/ton. On June 3rd, the average market price of 55% powdered monoammonium phosphate was 2662.50 yuan/ton. During the week, the market price of monoammonium phosphate decreased by 2.35%. Downstream demand continues to be sluggish, with few new orders in the market and sporadic purchases mainly in demand. Operators have a pessimistic mentality, and in order to stimulate shipments, the focus of ammonium chloride transactions has been lowered.
Future Market Forecast
According to sulfur analysts from Business Society, sulfur companies have no inventory pressure or may have positive support, but downstream production capacity utilization is low, limited entry into the market for purchasing, insufficient upward momentum for sulfur, and a lack of effective positive factors on the market. Under the supply and demand game, it is expected that the short-term sulfur market will remain stagnant and operate, with price or range fluctuations. Specific attention will be paid to downstream follow-up.
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