Analysis of the sulfur market situation in January
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This post was last edited by Zhang Ruqing on 2016-2-2 at 09:10. Analysis of the sulfur market situation in January I. Price data: According to data from BulkBench, the average ex-factory price of granular sulfur in the domestic market was around 1,007 yuan per ton at the beginning of January; by the end of the month, it had dropped to 936 yuan per ton. The overall decline was 7.05%, with a year-on-year decrease of 29.68%. II. Market Analysis Product: Domestic demand for sulfur remained weak in January, continuing the downward trend; prices fluctuated and declined before the holiday period, with almost no trading activity. Regarding sulfur at the ports, there was an overall downward trend by the end of the month. The price of sulfur at Qingdao Port continued to fall, with the price for lump form being 900 yuan per ton and the price for granular form being 950 yuan per ton; the atmosphere for negotiations at the port was sluggish ； The market conditions at the Yangtze River port continue to show a downward trend; the price of granules has dropped to 880 yuan per ton. There are few inquiries, and the market is sluggish ； Industry chain: 1. The downstream sulfuric acid market is sluggish, with few negotiations taking place; market turnover is low, and shipments are mainly based on contract orders. Currently, the overall operating rate of sulfuric acid manufacturers is around 68%; there is an ample supply in the market. Different manufacturers offer varying prices for sulfuric acid, and the overall sales performance is average. 2. Due to the slow progress of winter storage, demand in the phosphate ammonium market for both domestic sales and foreign exports remains weak. Companies and first-level traders face significant inventory pressures; transactions of monoammonium phosphate are sluggish, and the oversupply situation in the diammonium phosphate market persists, with exports remaining largely stagnant. Industry: Currently, the domestic sulfur market is experiencing a rapid decline; sulfur inventory at ports is high, there are few inquiries, and trading activity is sluggish. The outlook for the sulfur market is not optimistic. III. Future Market Outlook The sulfur market is currently experiencing a rapid decline, with no sign of this trend stopping. Sulfur analysts believe that in February 2016, the sulfur market will remain in a state of weak consolidation, and prices are unlikely to rise in the short term. Replying to posts is a virtue!
This post was last edited by Da Yan on 2016-2-17 at 13:33. Guangxi Jinchuan’s sulfuric acid export business has been launched and will become a regular occurrence going forward. According to AIS Overseas, a ship carrying 22,000 tons of Chinese sulfuric acid is set to depart from Fangchenggang in the south and head for India in the near future. The buyer is a downstream fertilizer company in India. Rumors suggest the transaction price could exceed $10–20 per ton FOB, though the exact figure is unknown. According to sources, the actual selling price of sulfuric acid for export is better than the current local price in the country. According to Anxunsisi Information, the sulfate market in China is under pressure; currently, the actual ex-plant price of sulfuric acid produced in some areas in the south is less than 200 yuan per ton. According to accurate information from market insiders, this batch of goods comes from Guangxi Jinchuan Non-ferrous Metals. All relevant procedures for Guangxi Jinchuan’s export operations have been completed, and the export of sulfuric acid will become routine from now on. According to rumors, the initial planned export volume of sulfuric acid was 200,000–300,000 tons per year. Based on the conditions in domestic and international markets, there is also room for an increase in export volumes. Shipped in early February 2016, arrived at Paradeep port on February 17 for unloading
Thank you for the information, OP; it seems the market is even more difficult now. Keep striving! !