On February 9, Shandong Dongming Petrochemical Group Co., Ltd. quoted the price of sulfur (liquid) at 3,840 yuan/ton, a decrease of 30 yuan/ton. The price of sulfur (solid) was quoted at 3,940 yuan/ton, also down by 30 yuan/ton. PriceSeek's analysis of sulfur indicates a bearish sentiment score of -1. The article reveals that Shandong Dongming Petrochemical reduced its sulfur (liquid) price by 30 yuan/ton to 3,840 yuan/ton and sulfur (solid) price by 30 yuan/ton to 3,940 yuan/ton, both representing a decrease of approximately 0.8%. This suggests an increase in market supply or weak downstream demand. This adjustment exerts a generally bearish pressure on the spot price of sulfur, and it is anticipated that prices may continue to face downward pressure in the short term. The reduction in corporate quotations may reflect trends of inventory accumulation or weakened terminal procurement.
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