1、 Price trend

2、 Market analysis

According to the business agency, the domestic market for potassium sulfate in June was strong. As of July 1, the average price of domestic samples of potassium sulfate 50 particles was 4083.33 yuan / ton, up 33.15% compared with the average price level at the beginning of the month, with a 52.65% increase year on year.

The domestic market of potassium sulfate has been strong for a long time, especially in June, and the ex factory price of enterprises has increased greatly. The price of potassium sulfate in the first half of the month was relatively stable, and the price of potassium sulfate rose significantly in the next half. At present, the supply end of domestic potash fertilizer market continues to be tight, including the decrease of the ship volume from potassium chloride to the domestic potash fertilizer, and the production of domestic potash fertilizer has declined. The high price of KCl is high, which is directly beneficial to the processing potassium sulfate enterprises to take the lead in increasing spot prices. At the same time, the big traders have the operation of sparing sales, and the supply supply in the site is insufficient, and the multiple benefits push up the spot price of domestic potassium sulfate. At present, the factory reference price of 52% of Shijiazhuang and hehe chemical potassium sulfate powder is 4500 yuan / ton. The factory reference price of 50% potassium sulfate powder of Qingshang Chemical Co., Ltd. of Sichuan Chemical Co., Ltd. was 4400 yuan / ton. There are many potassium sulfate enterprises with sealed plates and are not receiving orders temporarily. On the other hand, due to the increase of cost pressure of the processing potassium sulfate enterprises and downstream compound fertilizer manufacturers, and the poor acceptance of high price source market, the domestic Manheim plant commencement rate has been passively reduced, and the current overall load is less than 60%.

3、 Future forecast

Analysts of potassium sulfate of business agency believe that: the domestic potassium fertilizer market heat up in June, the price of potassium chloride has been stronger, and the cost side support of domestic potassium sulfate is enhanced. The cost side is good, and the goods on the site are short of demand, so the enterprises and traders are actively rising. But the end enterprises follow up slowly, and the high price goods source shipment fluency is not good. The cost end pressure does not match the consumption of end-users, and it is expected that the domestic potassium sulfate price will increase or narrow in the near future.

The sulfur commodity index on June 30 was 90.17, unchanged from yesterday, down 13.16% from 103.84 (2011-11-02), the highest point in the cycle, and up 249.63% from 25.79, the lowest point on February 24, 2020（ Note: period refers to the period from September 1, 2011 to now

According to the price monitoring of the business agency, the price trend of sulfur in East China was stable on the 30th, with the average price of sulfur production at 1643.33 yuan / ton. The domestic sulfur market is stable. Refineries in various regions quote prices according to their own shipment situation. Sinopec’s mainstream price of solid sulfur in East China is 1670-1730 yuan / ton; Sinopec’s mainstream price of solid sulfur in North China is 1470-1600 yuan / ton; The mainstream price of sulfur solid sulfur in Shandong area of Sinopec is 1620-1640 yuan / ton. The downstream phosphate fertilizer inventory is fair, there is no low price shipping intention in the spot market, and the domestic and export orders perform well, which has good support for sulfur.

Future forecast: at present, the inventory of refineries in domestic areas is low, and traders enter the market to purchase on demand. Due to the strong external price and the good mentality of on-site operators, it is expected that the sulfur market will be strong in the future, and the downstream follow-up situation will be concerned.