Sulfur market may continue to hover in the fall wave, little change in the mainstream market prices to maintain 1050-1100 yuan. Part of the current domestic price of sulfur determined by reference to the Taiwan market prices, due to Taiwan last Friday the offer price of 115 U.S. dollars offshore, and the decline of sulfur compared to 40 dollars. (Taiwan sulfur prices have been affecting domestic and foreign market benchmark, the price in Taiwan is relatively price specified on the far-reaching Sinopec) affected by the Taiwan again next week if the domestic sulfur group of diving, we will continue to focus.
June is the traditional needs of a small sulfur peak, but has not yet appeared last week, is expected to purchase the actual climax, mainly because the domestic front the actual shipment of fertilizer stocks small market for the third quarter did not see the positive factors of fertilizer so obvious last week demand , while the sulfur is mainly used for fertilizer, coupled with the domestic port of Hong Kong is still more than 1.5 million more than the stock. Speculated that in June the downstream business, if it continues, do not purchase sulfur, in July prices will continue to drop.
Domestic refinery stocks open under pressure the first time in years, the collective pressure, with high participation to understand the majority of sales of petrochemical enterprises are beginning to travel to persuade the leadership of the downstream business receiving goods through the long June. Such a large marketing efforts, the main domestic petrochemical enterprises strive to stabilize now, some prices in June, 1,100 yuan in the market to ensure that stabilize the bottom line.
This week, Guangzhou Petrochemical, Maoming Petrochemical, Sinopec Fujian, Hainan Petrochemical report may not be outside the price, the price may be formed within the Union, the current most of the traders hand the cost of goods in 1200, may be released this week, a small volume of private traders. Expect the market rebound this week, prices continued to maintain civil mainstream yuan in 1100-1000. Sulfur is a very subtle this week week, the market dynamics could be close to double a woman's character, a good surprise or bad surprise. Affected traders will continue to wind, fire, two different worlds in the market interpreted the end of May.
Forecast:
By the end of May the same fundamentals of domestic sulfur down, closing off the mainstream price in 1000 - between 1080 yuan. In addition to the export market a little better this week than diammonium downstream sulfuric acid, phosphate, titanium dioxide market downturn. Can keep in June 1000 yuan / ton to see the recent large extent, the bottom line of the downstream demand (including the regulation of traders is very important). By extreme weather conditions this year, too many political factors. The short term by the end of June 1000 yuan for the mainstream price protection for the petrochemical industry will be an impossible task. (This comment is only traders personal views, and if this affected the petrochemical business, I apologize. (SUN Ying-Jian)