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From the supply side, the upstream domestic sulfur market this week weak consolidation.

Homebred respect, this week homebred resource rises give priority to.
Shandong area increase in 30-40 yuan/ton;
Central China local refinery in 70-90 yuan/ton;
The daily output of sulfur plant of Sinopec Puguang gas Field is around 5500 tons. The quotation of Wanzhou port is increased by 30 yuan/ton to 880 yuan/ton, and that of Dazhou port is increased by 20 yuan/ton to 820 yuan/ton.

Port side, this week the Yangtze River market is relatively weak finishing.
Early in the week on the overall trading cold, wait-and-see mood strong, waiting for more in Puguang Wanzhou routine adjustment;
Then Puguang Wanzhou price rise, but the rise is limited and there is a certain gap with the spot price, coupled with the recent period of sulfur price increase, make the market downward adjustment.
At present the Changjiang market grain reference price is in 895 yuan/ton or so.

Traders are cautious to the market, wait and see, if puguangwan state pricing is raised next week, is expected to sulfur market may have room for upside.

 
From the demand side, this week the ammonium phosphate market firmly forward.

Monoammonium phosphate market stable operation, the price remains firm;
The utilization rate fell, to around 63.6 percent.
Business owners of an ammonium issue early orders, some can be executed until early January next year;
The downstream compound fertilizer enterprises generally accept the high price of goods, and some traders ship at a low price. However, under the favorable support of pending orders and tight supply, the price of ammonium maintains stability.
In summary, it is expected that in the short term an ammonium market consolidation.
At present, 55 powder mainstream ex-factory price in central China is 2050-2100 yuan/ton.
 
The diammonium phosphate market runs smoothly without great changes in enterprise quotation.
Utilization rates fell, to 52.2 percent.
Enterprises receive sufficient orders in advance, the market supply is tight;
The winter storage market started, the market demand increased, but the northeast region market wait-and-see, generally purchasing enthusiasm.
Demand in the international market is shrinking, export prices have been reduced, the domestic market to weaken the positive support.
In a word, diammonium market is expected to maintain stable operation in the short term.
At present, the FOB of Diammonium phosphate port in China is USD 357-360 / ton.

Afternoon looking

This week domestic acid plant overall operating rate change little, at about 66%.
The plant operation of some acid plants in east China is unstable and has resumed normal operation.
There is no new maintenance plan for the time being next week, and the overall operating rate is expected to have no obvious fluctuation.

From the current sour market overall market, the market is mainly good.
A number of areas of acid prices up, more into the finishing stage.
Downstream market demand is still there, low acid plant inventory, it is expected that the short – term sulfuric acid market to maintain strong operation.


Post time: Dec-04-2020