Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Business Society, sulfur prices in East China have slightly increased this week. On February 4th, sulfur prices were at 940.00 yuan/ton, an increase of 0.71% compared to 933.33 yuan/ton on January 29th, and a decrease of 8.44% compared to the beginning of the month.
This week, the sulfur market has been consolidating and running. During the week, some refineries in Shandong region reduced production, resulting in a decrease in market supply of goods. Downstream main factories were able to prepare goods before the holiday, and manufacturers shipped smoothly. Refineries raised their prices slightly based on their own shipment situation. In terms of ports, the replenishment atmosphere of terminals and traders gradually weakened, weakening support for the spot market, and sulfur market prices remained stable with little movement. As of the 4th, the mainstream price of solid sulfur in refineries in Shandong region is around 930-970 yuan/ton; The mainstream price of liquid sulfur is between 920-1000 yuan/ton.
Downstream market trends in the industrial chain
The downstream sulfuric acid market is operating weakly and steadily. On February 4th, the average domestic sulfuric acid price was 187.50 yuan/ton, which is% the same as the price of 187.50 yuan/ton on January 29th. On site enterprises have stable production, sufficient market supply, and insufficient downstream demand. They follow up on stocking according to demand, while acid companies have average shipments. The mentality of manufacturers is deadlocked, and the short-term sulfuric acid market is wait-and-see.
The downstream ammonium phosphate market is weak and declining. On February 4th, the average market price of 55% powdered ammonium phosphate was 3133.33 yuan/ton, a decrease of 2.19% compared to the price of 3203.33 yuan/ton on January 29th. The supply of monoammonium phosphate in the market has contracted, but downstream demand has remained weak, with weak follow-up on new orders, insufficient market transactions, and significant sales pressure from manufacturers. As a result, the price of monoammonium continues to decline.
Future Market Forecast
According to sulfur analysts from Business Society, as the Spring Festival holiday approaches and the market transaction atmosphere is mild, sulfur companies are actively shipping, while downstream stocking enthusiasm is average. It is expected that the short-term sulfur market will remain stable and operate on a wait-and-see basis, and specific attention will be paid to downstream follow-up.
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