According to the commodity market analysis system of Business Society, sulfur prices in East China increased significantly in February. On February 29th, the average ex factory price of sulfur in the East China region was 1020.00 yuan/ton, an increase of 9.29% compared to the average ex factory price of 933.33 yuan/ton at the beginning of the month.
This month, the sulfur market in East China has shown a strong upward trend. Before the Spring Festival, the downstream of Shandong region actively prepared goods before the festival, and manufacturers shipped smoothly, leading to an upward trend in sulfur prices; After the holiday, local refineries continued the pre holiday atmosphere, and many manufacturers in Shandong province raised their prices; In the latter half of the year, downstream purchasing enthusiasm weakened, and traders had high inventory. Coupled with sufficient market supply, sulfur prices were consolidated and lowered.
The downstream sulfuric acid market remained stable and upward in February, with a market price of 187.50 yuan/ton at the beginning of the month and 203.75 yuan/ton at the end of the month, an increase of 8.67% within the month. After the holiday, there will be a price increase, which is beneficial for the rise of sulfuric acid market. However, the overall supply of mainstream sulfuric acid manufacturers will continue to be sufficient within the month. Downstream suppliers will mainly digest early inventory and follow up on sulfuric acid procurement as needed. Sour companies will keep their quotes stable and wait.
The market for monoammonium phosphate was consolidating in February, with weak trading and fewer new orders before the Spring Festival; After the holiday, the prices of ammonium phosphate manufacturers remained stable, and the market was mostly wait-and-see. Downstream compound fertilizer enterprises held a cautious attitude, mainly purchasing according to demand. The trading atmosphere at the end of the month improved, and the price of ammonium phosphate slightly increased. As of February 29, the average market price of 55% powdered ammonium phosphate was 3120 yuan/ton, which is 0.43% lower than the average price of 3133 yuan/ton on February 1.
In the future market forecast, sulfur analysts from Business Society believe that the operation of sulfur enterprises is normal, and the market supply of goods is sufficient. We are waiting for spring to come, and the terminal compound fertilizer market will gradually expand. Downstream construction may improve, and the market trading atmosphere will improve. It is expected that the sulfur market will operate smoothly in March.
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