In July, the price of sulfur in East China rose first and then fell, and the market situation rose strongly. As of July 30, the average ex factory price of sulfur market in East China was 846.67 yuan/ton, an increase of 18.69% compared with the average ex factory price of 713.33 yuan/ton at the beginning of the month.

This month, the sulfur market in East China has been operating strongly, with prices rising significantly. In the first half of the year, the price of sulfur continued to rise, from 713.33 yuan/ton to 876.67 yuan/ton, an increase of 22.90%. The main reason is the active trading in the phosphate fertilizer market, the increase in equipment construction, the increase in demand for sulfur, the smooth shipment of manufacturers, and the continuous rise of the sulfur market; In the second half of the year, the sulfur market slightly declined, and downstream follow-up weakened. Market procurement followed up on demand. Some manufacturers have poor shipments and their mentality is hindered. In order to promote the reduction of shipping quotation, the price fluctuation is not significant, and the overall sulfur market is relatively strong this month.

The downstream sulfuric acid market was sluggish in July. At the beginning of the month, the market price of sulfuric acid was 192.00 yuan/ton, and at the end of the month, it was 160.00 yuan/ton, with a decrease of 16.67% within the month. The mainstream domestic sulfuric acid manufacturers operate stably, with sufficient market supply, sluggish downstream demand, weak market trading atmosphere, pessimistic operators, and weak sulfuric acid prices.

The market for monoammonium phosphate steadily rose in July, with an increase in downstream inquiries and an improvement in market atmosphere. The advance order for ammonium nitrate has reached late August, and some manufacturers have suspended or received a small amount of orders. The market mentality is optimistic, and the focus of monoammonium trading has shifted upwards. As of July 30th, the average market price of 55% powdered ammonium chloride was 2616.00 yuan/ton, which is 2.59% higher than the average price of 25000 yuan/ton on July 1st.
At present, the equipment of sulfur enterprises is operating normally, the inventory of manufacturers is reasonable, the operating rate of the terminal industry is increasing, the market supply is stable, downstream demand is rising, operators are watching, and manufacturers are actively shipping. It is expected that the sulfur market will operate stronger in the future, and specific attention will be paid to downstream follow-up.