Sulfur Prices Continued to Rise on May 17

  Analysis review

  According to the price monitoring of SunSirs, the average price of sulfur in East China on the 17th increased by 0.94% compared with previous day. Domestic refineries were overhauled, the inventory of enterprises was low, and there was no pressure to ship.

  The downstream sulfuric acid market was running weakly, and the demand for sulfur was not large. The ammonium phosphate market was mainly consolidating, and the downstream purchases were following up steadily. The sulfur market was in short supply. According to the inventory situation, the quotations of enterprises in Shandong were adjusted upward. The price of solid sulfur was raised by 50-60 RMB/ton, and the liquid sulfur price was raised by 60-150 RMB/ton.

  Market outlook

  In the short term, the sulfur market will run at a high level, and pay attention to the downstream follow-up situation.