On March 17, the sulfur commodity index was 35.85, up 0.37 points from yesterday, down 65.48% from 103.84 (2011-11-02), the highest point in the cycle, and up 39.01% from 25.79, the lowest point on February 24, 2020. (Note: cycle refers to 2011-09-01 to now)

According to the price monitoring of the business agency, the price of sulfur production in East China rose 1.03% to 653.33 yuan / ton on the 17th. The relevant downstream enterprises of sulfur industry resumed construction, the operating rates of monoammonium phosphate and diammonium phosphate enterprises increased, Hubei phosphate fertilizer manufacturers started one after another, the supply of downstream phosphate fertilizer increased, the demand for sulfur was improved by fertilizer spring ploughing, which effectively boosted the overall confidence of the market. The enthusiasm of the downstream market entry procurement is weakened and mainly on demand, the buyer and the seller intend to keep the price difference, and the on-site transaction and investment are mostly stuck on the sidelines. In addition to the price stabilization of individual refineries, the prices of refineries in other regions are increased according to their own shipping situation.

Future forecast: it is expected that the domestic sulfur market will wait and see the finishing operation in the short term.