As spring plowing is coming, the downstream fertilizer market will start one after another. As an important raw material for phosphate fertilizer, sulfur is expected to spring out of the wave of spring plowing along with chemical fertilizers in the context of spring farming and start a warming up trend. Sulfur prices, which have been declining for nearly two months, have started to rebound in mid-February. The mainstream price of domestic solid sulfur was increased from 1,600 yuan (t price, the same below) at the beginning of the month to more than 1,700 yuan at present, and the high-end transaction price in some regions was 1,800 yuan. The preheating of the spring plowing market has begun.
For one, the spring plough preparation fertilizer promotes the start-up rate of fertilizer companies. As the spring plowing approached, the fertilizer market began to become active. Distributors who did not have much inventory began to actively stock their products. The market of diammonium phosphate has been started, and the transaction volume has begun to enlarge. The monoammonium phosphate is expected to start in March, and the demand for compound fertilizer has obviously risen. With the increase in the operating rate of fertilizer companies, sulfur acid will increase the demand for sulfur, in order to meet the demand for spring plough and fertilizer in March, which is the most important positive factor for the sulfur market.
Second, the demand for sulfur in the chemical market is picking up. Due to the weakening of the international and domestic economic environment before the year, the chemical market has also caused a great impact. As a bulk inorganic chemical raw material, sulfur is no exception. In addition, a large number of small and medium-sized chemical companies, such as dyes and pesticides, have stopped production during the Spring Festival holidays. Production, reducing the demand for sulfur. With the recovery of the domestic economic environment and the ease of funding began to ease, dyes and pesticides companies in Hebei, Shandong, Inner Mongolia, Sichuan, and Ningxia provinces began to work in succession, increasing the demand for sulfur, which is the first of these regions to start prices. One of the reasons.
Third, the international market stabilized and stabilized. It is understood that the international inventory of early supply pressure has eased, accompanied by the increase of small sulfur chemical companies inquiries downstream and the general rise in domestic refinery shipment prices, import and export dealers full confidence in the current round of the market, began to increase the shipping price. The outer disk has rebounded slightly. The transaction price in the Chinese market has risen from CFR180 in the previous period to CFR200, which will play a positive role in promoting the domestic sulfur market.
Fourth, market sentiment improved to help the market recover. With the increase in the price of sulfur in the Puguang Gas Field of Sinopec, companies all over the country have increased their quotation in different degrees, and there has been an increase in the number of ports for inquiries. The transaction atmosphere in various markets has become active. In addition, due to the positive effects of funds, the liquidity of traders began to accelerate, and the purchase of large orders began to increase. Both sellers and purchasers had a good expectation for the market, which changed the psychology of bearishness in the early stage. In addition, transportation has returned to normal after the end of the Spring Festival season, which will inevitably accelerate the circulation speed and help the market continue to pick up.
Anti Rust Oil,Anti Rust Oil Price,Anti Rust Oil For Steel,Anti Rust Oil For Metal
FRANCOOL TECHNOLOGY (SHENZHEN)CO., LTD , https://www.francoolcn.com