A new round of sulphur rise will kick off
The domestic sulfur market is slowly rising in many areas, breaking the one and a half month's consolidation and starting to heat up. Sinopec Corp.'s sulphur and vane marketing work smoothly transitioned. Sinopec's 28 companies' sulfur products belonged to Sinopec's refining and sales companies and were unified in sales. As manufacturers' inventory levels fell, they gradually entered the ranks of rising prices. The mainstream market turnover climbed to 1650-1800 yuan (t. The same as below), which rose by about 50 yuan from the average price in March. The market has cleared up, and the local market has continued to close for about a month and a half. The market is waiting to see a strong sentiment. On the one hand, the market consolidation pre-digested gains, businesses profited, and sulfur prices oscillated slightly. On the other hand, after Sinopec sulphur was marketed, the market experienced a run-in period, and the manufacturers intended to control the market steadily, with the aim of digesting and reducing inventory. As sulfur market prices stabilized, the trading environment gradually warmed up, and haze spread out. Manufacturers gradually joined the ranks of pushing and pushing, and some regions had come to light. External disk prices are high, businesses have been waiting to rise for some time, sulfur external disk has been hovering at a high level, coupled with the recent Libyan war will once again push crude oil hundred dollars, sulfur rose synchronously outside the disk, spot market price reached 210 US dollars in multiple regions (FOB ), and there is still a tendency to continue to climb. This price is equivalent to 1930 yuan landed cost in China and is in a state of serious downside. Recently, the cost of China's imports of sulfur is mostly in the range of 220-230 U.S. dollars (CFR), equivalent to about RMB 1,780-1,850, which is also at a loss. Terminal businesses have turned to reluctant sellers to sell goods. According to statistics data from Zhuo Chuang, the total inventory of sulfur in domestic ports is about 1.9 million tons, which is lower than the previous period, and the market price has slowly risen. Downstream bullish advantage, supporting the price rise in the downstream industry, the current price of titanium dioxide mainstream has risen to 19000 ~ 21000 yuan, titanium dioxide market rose, Lipoly sulfur, sulfuric acid market. Fertilizer manufacturers have sufficient stocks of raw materials, and the procurement of new raw materials is relatively light. Enterprises absorb more inventory products and supply pre-orders. Most manufacturers plan to source goods from Jigang before the end of April. It is expected that the demand for sulfur resources in fertilizer production will increase in the future. The sulfuric acid price remains high and there is still room for profit from sulfuric acid production. The overall stability of the sulphuric acid market is dominated by the reduction in the inventory of some manufacturers and the high price of sulphuric acid, which supports the sulphur price level. Sulfuric acid companies have little sales pressure, and they are still stabilizing prices in the short term. China's sulfur market has further digested social inventories. Port operators are reluctant to sell their goods for sale. Domestic manufacturers have pushed prices in a steady manner, and the consolidation market has broken through. The recent inflow of funds into the market has increased. A large number of traders have received goods at the docks at a low price. The atmosphere of market transactions has rapidly increased and a new round of sulphur growth will kick off. Forged Flanges,Valve Body Forging,Forged Pipe Fittings,Aisi 4130 Forging Zhangqiu Heavy Forging Co.,Ltd , https://www.zhangqiuforging.com