Product name: Sulfur
Latest price: On January 17th, the average sulfur price in East China was 920 yuan/ton, a decrease of 1.08% compared to the previous working day’s 930 yuan/ton.
Analysis: The sulfur market in East China is experiencing a downward trend, with normal operation of on-site sulfur units and sufficient supply of market goods. However, the downstream market is weak, with low utilization of unit capacity and weak enthusiasm for sulfur procurement. The market trading atmosphere is poor, and port prices continue to decline, which has a negative impact on the spot market. The bearish sentiment on the market is obvious, and to stimulate shipments, some refineries have lowered their sulfur prices.
Market forecast: There is sufficient supply of goods on the supply side, weak downstream demand, and a clear trend of oversupply on the market. It is expected that the sulfur market will continue to be weak and consolidate in the future.
| http://www.thiourea.net |