Summary of the sulfur market and prices in July 2016

Weekly Sulfur Review: Continued Weak Downward Trend Author/Source: Date: 2016-07-01 Clicks: 9 This week, the domestic sulfur market continued to show a weak downward trend, with prices falling across enterprises in the East China region by around 30–60 yuan per ton. Primarily due to increasing pressure on port inventories and a sharp rise in supply, there is greater pressure to ship goods from the market. On the other hand, weak demand for phosphatic fertilizers both domestically and in exports has led to a pessimistic attitude among domestic sulfur traders, with many being bearish ； Thirdly, the restart of the sulfur plant in Puguang, Sichuan, will have a significant impact on the future sulfur market. 　　Main domestic sulfur prices: Solid sulfur in the Northeast region at 580-600 yuan/ton, liquid sulfur at 520-550 yuan/ton ； North China solid sulfonate: 640–760 yuan per ton; liquid sulfonate: 600–690 yuan per ton ； Yanjiang Gusuang: 620-740 yuan/ton ； Shandong solid sulfonate: 600-760 yuan/ton; liquid sulfonate: 600-690 yuan/ton ； Huadong solid sulfonate: 640–750 yuan per ton; liquid sulfonate: 600–660 yuan per ton ； South China Guosulfon 620 – 800 yuan/ton ； Southwest solid sulfonate costs 670–700 yuan per ton, while Northwest solid sulfonate costs 600–880 yuan per ton. 　　In terms of ports: at the beginning of the month, the price of granular sulfur at the Yangtze River ports in the main production areas was 745 yuan per ton; by the end of the month, this price dropped to 660 yuan per ton, a decrease of 85 yuan or 11.4%. In the Qingdao port area, the price of lump and powder sulfur from Japan and South Korea fell from 715 yuan to 650 yuan. The average price of domestically produced sulfur across the country dropped from 718 yuan to 662 yuan. It is evident that the overall domestic sulfur market is experiencing a decline, with a fairly pessimistic atmosphere in the market. 　　Analysis of the sulfur market outlook: In the international sulfur market, prices are expected to decline steadily in the third quarter. Contract prices for producers in the Middle East are likely to fall below $80 per ton. Additionally, China’s sulfur imports remained high in July, meaning that the supply-demand imbalance will not ease, and the fundamental conditions for sulfur will remain weak. As a result, prices are likely to continue to drop slightly.

Domestic sulfur price trends. Author/Source: China Chemical Products Network. Date: 2016-07-05. Clicks: 18. The Cangzhou refinery of Sinopec’s refining and marketing company is currently offering a price of 690 yuan per ton for liquid sulfur, and 800 yuan per ton for solid sulfur. Its plant with an annual production capacity of 80,000 tons is operating normally, with an average daily output of around 20 tons, and sales are proceeding as usual. 　　Sinopec Refining & Marketing Company’s Luoyang Petrochemical currently applies a sulfur price of 770 yuan per ton. At present, its 80,000 tons per year production facility is operating normally, with a product purity of 99.9%, and shipments are improving. 　　Sinopec Refining & Marketing Company’s price for liquid sulfur in Tianjin is 650 yuan per ton, while the price for solid sulfur is 720 yuan per ton; these prices do not include a loading fee of 10 yuan. At present, its 260,000 tons per year plant is operating normally, producing mainly liquid sulfur; the plant’s storage capacity consists of 4,000 tons of solids and 2,400 tons of liquids. 　　Sinopec Zhenhai Refining & Chemical’s solid sulfur costs 800 yuan per ton, while liquid sulfur is priced at 750 yuan per ton; both prices have been reduced by 30 yuan per ton. These prices do not include the loading cost for shipments of 20 tons each. At present, one of the units in its plant with an annual production capacity of 340,000 tons is under maintenance; the current daily production is around 700 tons, mainly in liquid form. The product is primarily sold to Ningbo Xinfu Titanium Dioxide Factory and other sulfuric acid manufacturers in the surrounding area. 　　At Takahashi Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, the price of solid sulfur today is 750 yuan per ton, while the price of liquid sulfur has been reduced by 20 yuan per ton, to 680 yuan per ton. The loading cost for solid sulfur is 12 yuan, while there is no loading cost for liquid sulfur. The plant with a production capacity of 135,000 tons per year is operating normally, and shipment volumes have been average recently. 　　Sinopec Refining & Marketing Company’s Shanghai Jinshan Petrochemical has reduced the price of liquid sulfur to 740 yuan per ton, down by 20 yuan per ton; the price for solid sulfur is 760 yuan per ton. Its plant with an annual production capacity of 350,000 tons is operating normally, producing mainly liquid sulfur. The storage capacity is 10,000 tons, and sales performance is currently average. 　　Sinopec Refining & Marketing Company’s Jinling Petrochemical reports a price of 660 yuan per ton for solid sulfur, with a loading cost of 15 yuan per ton. The price of liquid sulfur has been reduced by 20 yuan per ton, to 650 yuan per ton. At present, the plant with an annual production capacity of 340,000 tons is operating normally, while sales performance is average. 　　The price of liquid sulfur at Yangzi Petrochemical, part of Sinopec’s refining and marketing division, is 690 yuan per ton, a decrease of 20 yuan per ton; this price does not include a loading fee of 14.7 yuan per ton. The 260,000 tons per year plant is currently operating normally, with a product purity of 99.9%; sales performance is average. 　　At present, Lijin Petrochemical charges 700 yuan per ton for sulfur, a reduction of 20 yuan per ton. The plant with an annual production capacity of 15,000 tons is operating normally, with an average daily output of around 20-30 tons; it produces flake sulfur, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Anqing Petrochemical plant applies a price of 650 yuan per ton for solid sulfur and 630 yuan per ton for liquid sulfur. The plant with an annual production capacity of 100,000 tons is operating normally; it mainly supplies local enterprises, with a daily production volume of around 150 tons. Sales performance is average. 　　Sinopec Refining & Marketing Company’s sulfur price for pickup outside Hainan is 620 yuan per ton, a reduction of 30 yuan per ton. Its plant with an annual production capacity of 80,000 tons is operating normally, and the shipping cost to Fangchenggang is 100 yuan per ton. 　　The ex-factory price of solid sulfur produced by Lanzhou Petrochemical is 630 yuan per ton, a decrease of 30 yuan per ton. There are two sulfur production units in operation; currently, the 15,000-ton unit is shut down while the 30,000-ton unit is functioning normally. The status of these units has not changed over time, with a daily production volume of around 30–40 tons. 　　Sinopec Puguang Wanzhou Port applies a selling price of 720 yuan per ton, with inventory levels around 10,000 tons. For the factory area, the price is 700 yuan per ton. It is reported that the commissioning of the facility is scheduled around the 26th to 28th of this month. 　　Dongming Petrochemical’s price for solid sulfur is 803 yuan per ton, while the price for liquid sulfur is 753 yuan per ton; a loading fee of 3 yuan is included, with better prices available in actual transactions. At present, its 90,000-ton plant is operating normally, producing over 200 tons per day with regular shipments. 　　The price of sulfur in liquid form at Qingdao’s large oil refining plant is 670 yuan per ton, a decrease of 20 yuan per ton; the price for solid sulfur is 810 yuan per ton. The plant with an annual processing capacity of 220,000 tons is operating normally, with a daily production volume of around 600 tons. Sales performance is average. 　　Sinopec Refining & Marketing Company’s Shengli Oilfield refinery offers solid sulfur at a price of 710 yuan per ton, a decrease of 30 yuan per ton. Its 10,000-ton solid sulfur plant has resumed production; current inventory levels are low and sales performance is average. 　　Sinopec Refining & Marketing Company’s Jinan refinery has no price listed for solid sulfur at the moment; the price for liquid sulfur is 700 yuan per ton, a decrease of 20 yuan per ton. The plant with an annual production capacity of 60,000 tons is operating normally, inventory levels are moderate, and sales performance is average. 　　The current price of liquid sulfur at Qingdao Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, is 660 yuan per ton, excluding a loading fee of 10 yuan. The 20,000 tons per year plant is operating normally; it currently produces around 30 tons per day, and sales performance is average. 　　Sinopec Qilu Petrochemical’s price for solid sulfur is 810 yuan per ton, while the price for liquid sulfur has been reduced by 20 yuan per ton, to 720 yuan per ton. The production facility with an annual capacity of 210,000 tons is operating normally, with a daily sulfur production of around 400 tons; sales performance is average.

Daily Sulfur Report Author/Source: Date: 2016-07-05 Clicks: 18 On Monday, the domestic sulfur market remained weak; some manufacturers in East China reduced prices by 30–50 yuan, while some refineries in Shandong cut prices by 20–30 yuan. Other markets stayed stable. New orders for phosphatic fertilizers at the downstream level were limited, and factory utilization rates were low. The imbalance between supply and demand put pressure on sulfur prices, with traders showing a pessimistic attitude. The total inventory of sulfur at the Yangtze River port increased to 1.046 million tons, and the transaction price for granular sulfur at this port was 660 yuan per ton. 　　Market analysis: The overall inventory level at ports has risen to 1.886 million tons, further intensifying the imbalance. The market price for sulfur in US dollars is around 80 dollars per ton, at a low to moderate level; it is expected that the sulfur market will continue to show a downward trend in the short term.

Daily Sulfur Report Author/Source: Date: 2016-07-06 Clicks: 12 On Tuesday, the domestic sulfur market remained in a state of consolidation and fluctuation. Prices of domestically produced sulfur declined in some areas, with certain manufacturers in South China reducing their prices. The prevailing price for solid sulfur in the market was 600–700 yuan per ton. In the Northwest region, some manufacturers reduced their prices by 20–50 yuan, resulting in a prevailing price of 580–750 yuan per ton; prices remained stable in other markets. The prevailing price of liquid sulfur in Shandong is between 630 and 690 yuan per ton, while in East China it ranges from 570 to 660 yuan per ton. 　　Market analysis for the future: In July, the volume of sulfur arriving at the Yangtze River ports was over 500,000 tons, which had a negative impact on the market. There was a slight increase in inquiries from downstream buyers, while traders adopted a wait-and-see attitude; speculators were pessimistic. It is expected that the sulfur market will remain in a state of consolidation in the short term.

Domestic sulfur price trends. Author/Source: China Chemical Products Network. Date: 2016-07-06. Clicks: 14. Sinopec Zhenhai Refining & Chemical’s solid sulfur is priced at 800 yuan per ton, while liquid sulfur costs 750 yuan per ton; both prices have been reduced by 30 yuan per ton, and these figures do not include the cost of loading the goods in 20-ton containers. At present, one of the units in its plant with an annual production capacity of 340,000 tons is under maintenance; the current daily production is around 700 tons, mainly in liquid form. The product is primarily sold to Ningbo Xinfu Titanium Dioxide Factory and other sulfuric acid manufacturers in the surrounding area. 　　At Takahashi Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, the price of solid sulfur today is 750 yuan per ton, while the price of liquid sulfur has been reduced by 20 yuan per ton, to 680 yuan per ton. The loading cost for solid sulfur is 12 yuan, while there is no loading cost for liquid sulfur. The plant with a production capacity of 135,000 tons per year is operating normally, and shipment volumes have been average recently. 　　Sinopec Refining & Marketing Company’s Shanghai Jinshan Petrochemical has reduced the price of liquid sulfur to 740 yuan per ton, down by 20 yuan per ton; the price for solid sulfur is 760 yuan per ton. Its plant with an annual production capacity of 350,000 tons is operating normally, producing mainly liquid sulfur. The storage capacity is 10,000 tons, and sales performance is currently average. 　　Sinopec Refining & Marketing Company’s Jinling Petrochemical reports a price of 660 yuan per ton for solid sulfur, with a loading cost of 15 yuan per ton. The price of liquid sulfur has been reduced by 20 yuan per ton, to 650 yuan per ton. At present, the plant with an annual production capacity of 340,000 tons is operating normally, while sales performance is average. 　　The price of liquid sulfur at Yangzi Petrochemical, part of Sinopec’s refining and marketing division, is 690 yuan per ton, a decrease of 20 yuan per ton; this price does not include a loading fee of 14.7 yuan per ton. The 260,000 tons per year plant is currently operating normally, with a product purity of 99.9%; sales performance is average. 　　The current price of liquid sulfur at Qingdao Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, is 660 yuan per ton, excluding a loading fee of 10 yuan. The 20,000 tons per year plant is operating normally; it currently produces around 30 tons per day, and sales performance is average. 　　At present, Lijin Petrochemical charges 700 yuan per ton for sulfur, a reduction of 20 yuan per ton. The plant with an annual production capacity of 15,000 tons is operating normally, with an average daily output of around 20-30 tons; it produces flake sulfur, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Anqing Petrochemical plant applies a price of 650 yuan per ton for solid sulfur and 630 yuan per ton for liquid sulfur. The plant with an annual production capacity of 100,000 tons is operating normally; it mainly supplies local enterprises, with a daily production volume of around 150 tons. Sales performance is average. 　　Sinopec Refining & Marketing Company’s sulfur price for pickup outside Hainan is 620 yuan per ton, a reduction of 30 yuan per ton. Its plant with an annual production capacity of 80,000 tons is operating normally, and the shipping cost to Fangchenggang is 100 yuan per ton. 　　Sinopec Puguang Wanzhou Port applies a selling price of 720 yuan per ton, with inventory levels around 10,000 tons. For the factory area, the price is 700 yuan per ton. It is reported that the commissioning of the facility is scheduled around the 26th to 28th of this month. 　　Sinopec Refining & Marketing Company’s Cangzhou refinery currently offers liquid sulfur at 690 yuan per ton, and solid sulfur at 800 yuan per ton. Its plant with an annual production capacity of 80,000 tons is operating normally, with an average daily output of around 20 tons, and sales are proceeding as usual. 　　Sinopec Refining & Marketing Company’s Luoyang Petrochemical currently applies a sulfur price of 770 yuan per ton. At present, its 80,000 tons per year production facility is operating normally, with a product purity of 99.9%, and shipments are improving. 　　Sinopec Refining & Marketing Company’s price for liquid sulfur in Tianjin is 650 yuan per ton, while the price for solid sulfur is 720 yuan per ton; these prices do not include a loading fee of 10 yuan. At present, its 260,000 tons per year plant is operating normally, producing mainly liquid sulfur; the plant’s storage capacity consists of 4,000 tons of solids and 2,400 tons of liquids. 　　The price of sulfur in liquid form at Qingdao’s large oil refining plant is 670 yuan per ton, a decrease of 20 yuan per ton; the price for solid sulfur is 810 yuan per ton. The plant with an annual processing capacity of 220,000 tons is operating normally, with a daily production volume of around 600 tons. Sales performance is average. 　　Sinopec Refining & Marketing Company’s Jinan refinery has no price listed for solid sulfur at the moment; the price for liquid sulfur is 700 yuan per ton, a decrease of 20 yuan per ton. The plant with an annual production capacity of 60,000 tons is operating normally, inventory levels are moderate, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Shengli Oilfield refinery offers solid sulfur at a price of 710 yuan per ton, a decrease of 30 yuan per ton. Its 10,000-ton solid sulfur plant has resumed production; current inventory levels are low and sales performance is average. 　　Sinopec Qilu Petrochemical’s price for solid sulfur is 810 yuan per ton, while the price for liquid sulfur has been reduced by 20 yuan per ton, to 720 yuan per ton. The production facility with an annual capacity of 210,000 tons is operating normally, with a daily sulfur production of around 400 tons; sales performance is average.

Sulfur Analysis Author/Source: Date: 2016-07-07 Clicks: 2 The domestic sulfur market remained volatile and sideways on Wednesday. In some areas, the market price of domestic sulfur has declined; certain manufacturers in East China have reduced their prices by around 20–40 yuan per ton. The price of sulfur at the Dazhou plant has been reduced by 20 yuan to 660 yuan per ton; this change has little impact on the market price of sulfur. The overall inventory at ports is 1.775 million tons, indicating a relatively ample supply situation. However, demand for phosphate fertilizers remains weak, with only occasional inquiries from downstream factories. The price on electronic trading platforms is 680 yuan per ton, while the transaction price for granular sulfur at the Yangtze River port is 665 yuan per ton, with low levels of trading activity. 　　Market analysis: Some large manufacturers in Shandong are making purchases based on their needs; the prices they offer are low, and it is difficult to sell sulfur. It is expected that the sulfur market will remain stable in the short term.

Domestic sulfur price trends. Author/Source: China Chemical Products Network. Date: 2016-07-07. Clicks: 7. The Cangzhou refinery of Sinopec’s refining and marketing company is currently offering a price of 690 yuan per ton for liquid sulfur, and 800 yuan per ton for solid sulfur. Its plant with an annual production capacity of 80,000 tons is operating normally, with an average daily output of around 20 tons, and sales are proceeding as usual. 　　Sinopec Refining & Marketing Company’s Luoyang Petrochemical currently applies a sulfur price of 770 yuan per ton. At present, its 80,000 tons per year production facility is operating normally, with a product purity of 99.9%, and shipments are improving. 　　Sinopec Refining & Marketing Company’s price for liquid sulfur in Tianjin is 650 yuan per ton, while the price for solid sulfur is 720 yuan per ton; these prices do not include a loading fee of 10 yuan. At present, its 260,000 tons per year plant is operating normally, producing mainly liquid sulfur; the plant’s storage capacity consists of 4,000 tons of solids and 2,400 tons of liquids. 　　Sinopec Zhenhai Refining & Chemical’s solid sulfur costs 800 yuan per ton, while liquid sulfur is priced at 750 yuan per ton; both prices have been reduced by 30 yuan per ton. These prices do not include the loading cost for shipments of 20 tons each. At present, one of the units in its plant with an annual production capacity of 340,000 tons is under maintenance; the current daily production is around 700 tons, mainly in liquid form. The product is primarily sold to Ningbo Xinfu Titanium Dioxide Factory and other sulfuric acid manufacturers in the surrounding area. 　　At Takahashi Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, the price of solid sulfur today is 750 yuan per ton, while the price of liquid sulfur has been reduced by 20 yuan per ton, to 680 yuan per ton. The loading cost for solid sulfur is 12 yuan, while there is no loading cost for liquid sulfur. The plant with a production capacity of 135,000 tons per year is operating normally, and shipment volumes have been average recently. 　　Sinopec Refining & Marketing Company’s Shanghai Jinshan Petrochemical has reduced the price of liquid sulfur to 740 yuan per ton, down by 20 yuan per ton; the price for solid sulfur is 760 yuan per ton. Its plant with an annual production capacity of 350,000 tons is operating normally, producing mainly liquid sulfur. The storage capacity is 10,000 tons, and sales performance is currently average. 　　Sinopec Refining & Marketing Company’s Jinling Petrochemical reports a price of 660 yuan per ton for solid sulfur, with a loading cost of 15 yuan per ton. The price of liquid sulfur has been reduced by 20 yuan per ton, to 650 yuan per ton. At present, the plant with an annual production capacity of 340,000 tons is operating normally, while sales performance is average. 　　The price of liquid sulfur at Yangzi Petrochemical, part of Sinopec’s refining and marketing division, is 690 yuan per ton, a decrease of 20 yuan per ton; this price does not include a loading fee of 14.7 yuan per ton. The 260,000 tons per year plant is currently operating normally, with a product purity of 99.9%; sales performance is average. At present, Lijin Petrochemical charges 700 yuan per ton for sulfur, a reduction of 20 yuan per ton. The plant with an annual production capacity of 15,000 tons is operating normally, with an average daily output of around 20-30 tons; it produces flake sulfur, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Anqing Petrochemical plant applies a price of 650 yuan per ton for solid sulfur and 630 yuan per ton for liquid sulfur. The plant with an annual production capacity of 100,000 tons is operating normally; it mainly supplies local enterprises, with a daily production volume of around 150 tons. Sales performance is average. 　　Sinopec Refining & Marketing Company’s sulfur price for pickup outside Hainan is 620 yuan per ton, a reduction of 30 yuan per ton. Its plant with an annual production capacity of 80,000 tons is operating normally, and the shipping cost to Fangchenggang is 100 yuan per ton. 　　The ex-factory price of solid sulfur produced by Lanzhou Petrochemical is 630 yuan per ton, a decrease of 30 yuan per ton. There are two sulfur production units in operation; currently, the 15,000-ton unit is shut down while the 30,000-ton unit is functioning normally. The status of these units has not changed over time, with a daily production volume of around 30–40 tons. 　　Sinopec Puguang Wanzhou Port applies a selling price of 720 yuan per ton, with inventory levels around 10,000 tons. For the factory area, the price is 700 yuan per ton. It is reported that the commissioning of the facility is scheduled around the 26th to 28th of this month. 　　The price of sulfur in liquid form at Qingdao’s large oil refining plant is 670 yuan per ton, a decrease of 20 yuan per ton; the price for solid sulfur is 810 yuan per ton. The plant with an annual processing capacity of 220,000 tons is operating normally, with a daily production volume of around 600 tons. Sales performance is average. 　　The current price of liquid sulfur at Qingdao Petrochemical, a subsidiary of Sinopec Refining & Marketing Company, is 660 yuan per ton, excluding a loading fee of 10 yuan. The 20,000 tons per year plant is operating normally; it currently produces around 30 tons per day, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Jinan refinery has no price listed for solid sulfur at the moment; the price for liquid sulfur is 700 yuan per ton, a decrease of 20 yuan per ton. The plant with an annual production capacity of 60,000 tons is operating normally, inventory levels are moderate, and sales performance is average. 　　Sinopec Refining & Marketing Company’s Shengli Oilfield refinery offers solid sulfur at a price of 710 yuan per ton, a decrease of 30 yuan per ton. Its 10,000-ton solid sulfur plant has resumed production; current inventory levels are low and sales performance is average. 　　Sinopec Qilu Petrochemical’s price for solid sulfur is 810 yuan per ton, while the price for liquid sulfur has been reduced by 20 yuan per ton, to 720 yuan per ton. The production facility with an annual capacity of 210,000 tons is operating normally, with a daily sulfur production of around 400 tons; sales performance is average.

Sulfur Analysis Author/Source: Date: 2016-07-12 Clicks: 6 On Monday, the domestic sulfur market remained volatile and stable; the price at the plants in Puguang and Dazhou, Sichuan, dropped by 30 yuan to 630 yuan, with inventory levels around 20,000 tons. The price at Wanzhou Port stayed at 680 yuan, with no inventory available. Some local refineries in Shandong have reduced their prices, by 20–50 yuan per ton; the prevailing price for liquid sulfur in that region is between 630–690 yuan per ton. The overall inventory level at the port is 1.824 million tons. The transaction price for powdered materials from Japan and South Korea at Qingdao Port is 620 yuan per ton, with most speculators being bearish. (China Agri-Media Network)

Daily Report on Sulfur – July 12 Author/Source: Date: 2016-07-13 Clicks: 3 On Tuesday, the domestic sulfur market remained volatile at low levels; in some areas of the domestic sulfur market, prices saw slight declines. The prices at the major refineries in Shandong region dropped by 30–50 yuan. The average price for liquid sulfur was 580–660 yuan per ton, while the average price for solid sulfur was 630–730 yuan per ton. The spot market at ports is operating weakly; the overall inventory of sulfur at ports amounts to 1.847 million tons, indicating an ample supply. The negotiated price for granular sulfur at the Yangtze River ports is between 670 and 675 yuan per ton, with low transaction volume. (China Agri-Media Network)

Daily Sulfur Report for July 18 – Author/Source: Date: 2016-07-19 Clicks: 6. On Monday, the domestic sulfur market remained largely stagnant; the overall inventory at ports was 1.898 million tons. The inventory at the Yangtze River ports increased to 1.08 million tons. At the Nantong port, shipments from Yuntianhua and Ruixin were completed, resulting in an ample supply of sulfur. The downstream phosphorus-ammonium market continued to show weak performance, and there was a significant imbalance between supply and demand. There were no positive factors supporting the sulfur market. The negotiated price for granular sulfur at the Yangtze River ports was 665–670 yuan per ton. Smaller downstream manufacturers stocked up as needed, leading to significant price pressure. Larger manufacturers and speculators preferred to wait and see, while traders were reluctant to sell at low prices. Market activity was sluggish. The price for block and powder sulfur at the Qingdao port was 605 yuan per ton. Ports in the north had sufficient inventory, but downstream buyers had limited purchasing capacity, putting pressure on prices. Market transactions were minimal. The reference price for granular sulfur in tons was 670–680 yuan per ton. The domestic sulfur market has stabilized; the price at the plants in Puguang and Dazhou, Sichuan, is 620 yuan per ton, while the price at Wanzhou Port is 680 yuan per ton. Domestic refineries are under pressure regarding their inventory levels, with the average national price for sulfur being 631 yuan per ton. 　　Market analysis: The fundamentals of the sulfur market are weak, and it is expected that the sulfur market will remain in a state of weak consolidation in the short term. (China Agri-Media Network)