The production volume of domestic sulfur manufacturers has increased on a year-on-year basis

Thread Content

This week, production volume among domestic sulfur producers increased; firstly, there was little change in the sulfur recovery volume at the Puguang Gas Field, one of the key domestic sulfur production sites. According to the data, as of February 15, the daily sulfur production volume at the Puguang gas field remained above 5,000 tons. With normal supply from factories in the southwest region, there was no significant pressure on the inventory levels at the Puguang gas field, and the export prices stayed stable. Meanwhile, the volume of sulfur recovered in South China has increased significantly this week. Local refineries have been using crude oil with high sulfur content from the Middle East recently; in particular, Maoming Petrochemical, the main sulfur producer in the region, has seen a substantial rise in its production volume. By the end of this week, its daily output was already over 700 tons. Due to heavy transportation demands, the inventory at Maoming Petrochemical continues to rise, and there are expectations of price cuts to clear these stocks in the future. Meanwhile, Qinzhou Refinery, another key sulfur producer in the area, has a daily sulfur output of around 400 tons. As it has recently shifted to producing food-grade sulfur, it is not facing any significant pressure at present, and its selling prices remain stable. Sulfur recovery volumes in Shandong and North China have also increased, but terminal demand has not kept up. At the same time, inventory levels in the local ports have risen, putting significant pressure on the inventory levels of local sulfur production companies. To ensure normal sales, these companies have significantly reduced their selling prices this week. The sulfur production volume in the Northeast region has remained relatively stable, but due to insufficient demand from end-users and the sharp decline in surrounding markets, local sulfur producers are facing increased pressure to sell their products. As a result, the selling prices have seen a general drop of 70–90 yuan per ton this week. According to statistical data, the weekly operating rate of domestic refineries has currently risen to around 76%. China Chemical Manufacturing Network will keep updating you with relevant information; please stay tuned to our site for the latest news. Time: 2019-02-15 15:12:48 Source: JLCC