Strong rise in sulfur prices in November

According to the Commodity Market Analysis System of Business Society, sulfur prices in East China continued to rise in November, with a strong market trend. On November 30th, the average ex factory price of sulfur in the East China region was 1030.00 yuan/ton, an increase of 12.37% compared to the average ex factory price of 943.33 yuan/ton at the beginning of the month.


Gamma-PGA (gamma polyglutamic acid)

This month, the sulfur market in East China has risen strongly, with active inquiries in the end market. Downstream factories and traders have good demand, and the market trading atmosphere is positive. Refinery shipments are smooth, and sulfur prices have risen slightly. At the same time, some manufacturers have low inventory and a strong intention to push up prices. With stable follow-up from downstream, sulfur prices have continued to rise, and downstream demand has weakened at the end of the month. Some refineries have adjusted their prices based on their own shipment situation, The price of sulfur has slightly fallen.


The downstream sulfuric acid market saw a significant increase in November, with a market price of 258.00 yuan/ton at the beginning of the month and 302.00 yuan/ton at the end of the month, an increase of 17.05% within the month. During the month, mainstream sulfuric acid manufacturers operated at low loads, maintained low inventory levels, and the market supply performance was tight. Downstream demand was active, and sulfuric acid enterprises shipped smoothly. In addition, high raw material prices led to a strong increase in sulfuric acid prices.


In November, the market for ammonium phosphate showed a strong upward trend, with a stable winter storage market at the terminal. Downstream procurement enthusiasm increased, and enterprises placed more orders on behalf of others. The market supply was tight, and the positive news was concentrated. As a result, the price of ammonium phosphate in the market rose rapidly. In the latter half of the month, the upward trend of the ammonium phosphate market was temporarily suspended, and the market trend stabilized. As of November 30th, the average price of 55% powdered ammonium phosphate in the market was 3450.00 yuan/ton, which is 11.11% higher than the average price of 3150.00 yuan/ton on November 1st.


In the future market forecast, sulfur analysts from Business Society believe that sulfur enterprises are operating normally, with low inventory as the main focus. Market supply is stable, and terminal market demand is weakening. Downstream demand is mostly followed up on demand, and demand side support is reduced. Under the supply-demand game, it is expected that the sulfur market will consolidate and operate in the later stage.