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Sulfur market is expected to slow down appropriately

wallpapers News 2020-09-23

In recent years, the domestic sulfur market has been in a state of shock decline, with more terminals purchasing on dem, the transaction performance is flat.

With the decline of the price of Puguang gas field, a major domestic sulfur producer, the market bearish sentiment is further strong.

However, restricted by high costs in the port area, although refineries continued to decline terminal dem did not improve, low-cost goods delivery slowed down.

The reasons are as follows.

First of all, at present, the total loss of import goods in the port is serious.

Near the end of the year, in addition to the small order holders with greater capital pressure, they still intend to go out at low prices.

In view of the slow development of winter chemical fertilizer storage market the current situation of external market stop falling, large order holders mainly take a wait--see position.

Secondly, in view of the release of fertilizer export policy next year, the market dem is expected to have a good trend.

on the external side, when the sulfur contract negotiation in the first quarter of next year, there is no pressure on the inventory in the case of centralized shipment of international suppliers in the early stage, so the price of goods is bound to go up, the short-term external market is expected to stabilize appropriately.

This has played a significant support for the sulfur market with strong expectation of rising.

Under the relative concentration of supply in some parts, the intention of speculating high positions has been strengthened.

Thirdly, after a long period of downturn in the sulfur market, short speculators have long had the intention to enter the market on a low price.

With the opportunity of the export expectation of next spring cultivation off-season the stability of the external market, the purchase intention of entering the market is enhanced, which will certainly set off the market atmosphere to a certain extent, the local decline is expected to slow down.

However, it is understood that the winter storage performance of the main downstream phosphate fertilizer industry of sulfur is slightly stagnant.

After experiencing the flat off-season export this year the preparation of fertilizer in autumn, the fertilizer production enterprises purchase more raw materials on dem, the fertilizer for spring ploughing is not mainly high phosphorus products, so the start-up situation of each phosphate fertilizer production enterprise may not be improved greatly, the dem for sulfur is limited.

however, for the fertilizer off-season next year, the dem for sulfur is limited Considering the export situation of chemical fertilizer in the next year, even if the export situation of chemical fertilizer is not optimistic, it will be difficult to start with the export situation of chemical fertilizer if the export situation is not optimistic.

In addition, in recent years, the main fertilizer production enterprises in Hubei province mostly use the sulfur from Puguang gas field as an appropriate supplement, the procurement of port goods is limited.

Considering the situation that the shipping schedule is increased in the later stage most of them are from factories, it is difficult for the market to be short of goods for a while, so the fundamentals still restrict the rebound of sulfur market.

In view of this, the domestic sulfur market is expected to stop falling stabilize under the conditions of high cost support, speculative capital inflow, temporary stability of external market expected good dem.

However, the current situation of sufficient short-term supply flat dem is still obvious, it will take time for the market to rebound.

Source: Treasure Isl.


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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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