Sulfur: Unilateral Rise and New High

Entering August, the domestic sulfur market once again ushered in a unilateral rise after nearly two months of high-level consolidation.

"The August sulfur market surged after the end of the high-level consolidation trend, mainly due to the continuous decline in the import of sulfur, which led to the continuous decline in port inventories, and the continuous increase in the downstream phosphate fertilizer market

Reduced import sources

"The rise in international crude oil prices has led to increased shipping costs.

Downstream market pull

Market information shows that the domestic phosphate fertilizer market has continued to rise this year

According to the reports of refineries in Henan, Shandong, Jiangsu and other places, due to the epidemic in August, transportation in Henan, Jiangsu and other places was blocked, which restricted the circulation of domestic sulfur to a certain extent, and added help to the sulfur market, which is already tight in supply.

Market outlook is expected to consolidate

According to Wei Jianyang, general manager of Nanjing Kaiyan Chemical Co.

Henan trader Li Bing has a different view on the sulfur market outlook

According to analysis by industry insiders, in the context of stable external price support, low Hong Kong stocks, and resistance to high prices by downstream players and profit settlement by traders, it is expected that the sulfur market outlook is expected to show a consolidation pattern