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Sulfur price rebounded 65% in half a year

wallpapers News 2020-09-12

Since the bottom rebounding in August last year, the domestic sulfur market price has increased by 65% compared with last year's low point.

Against the background of sluggish fertilizer market overcapacity in sulfur industry, many people were surprised by the rise of sulfur.

Industry insiders believe that the dem stimulus before the Spring Festival the external drive after the Spring Festival are the main reasons for the rise of sulfur.

Sulfur is the main raw material for chemical fertilizer production, the performance of chemical fertilizer market has an important impact on sulfur market price.

It is understood that the overall performance of the fertilizer market was sluggish last year, all kinds of fertilizers were faced with the situation of eliminating backward production capacity adjusting industrial structure.

In addition, the import volume of India, which is a big importer of chemical fertilizer, contracted last year, the domestic fertilizer market was severely suppressed, the sulfur dem was also weak.

According to the data, last year's sulfur price dropped from 1380 yuan at the beginning of the year to 817 yuan on August 5, becoming the lowest price in the sulfur market since 2011.

Since then, however, sulfur prices have rebounded strongly.

As of yesterday, the domestic sulfur market price climbed to 1358 yuan, 65% higher than last year's lowest point, close to the price level at the beginning of last year.

Analyst Zhou Qian told reporters that this wave of sulfur rebound market can be divided into two parts.

The rebound power before the year mainly comes from the gap brought by the sudden increase of dem insufficient supply.

After the year, it relies more on the external market.

According to Zhou Qian, in the "2014 tariff implementation plan" issued by the State Council Tariff Commission in December last year, the export tariff of chemical fertilizer in peak season was greatly reduced, making it possible to export in peak season.

This policy adjustment stimulated the enthusiasm of chemical fertilizer enterprises in production boosted the sulfur dem.

The domestic sulfur market has a low operating rate limited supply.

In the face of the sudden dem boost, the price naturally rises.

After the Spring Festival, sulfur international market continued to rise.

Xu Lei, an analyst at Zhongyu information, said that sulfur production in the Middle East decreased in the second half of last year, China's main sulfur importing countries were countries in the Middle East.

As China's sulfur dependence on foreign countries is high, reaching 60%, the rising sulfur price in the Middle East plays a role as a weather vane for domestic spot sulfur.

Zhou Qian believes that the current sulfur price is at a high level, the downstream enterprises have temporarily stopped preparing goods.

Under the pressure of high cost, the more wait--see atmosphere in the market will maintain stable in the near future.

In the long run, although the late spring ploughing meeting in northern China has been launched, the overall fluctuation space of sulfur market has not been large with the increase of supply of goods to Hong Kong after March.

(Securities Times).


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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