On January 15, Shandong Dongming Petrochemical Group Co., Ltd. quoted the price of sulfur (liquid) at 4,050 yuan/ton, an increase of 50 yuan/ton. The price of sulfur (solid) was quoted at 4,120 yuan/ton, an increase of 120 yuan/ton.
PriceSeek analysis of sulfur (liquid), long-short score: 1
The spot price of sulfur (liquid) increased by 50 yuan/ton to 4,050 yuan/ton, indicating a rise in enterprise quotations and reflecting tight supply or increased demand in the spot market, which is favorable for spot prices. The increase is relatively moderate but clearly points to improved supply-demand dynamics, supporting an upward price trend.
Sulfur (solid), long-short score: 1.5
The spot price of sulfur (solid) significantly increased by 120 yuan/ton to 4,120 yuan/ton, a notable rise indicating tightening supply-demand conditions in the spot market, which is favorable for spot prices. The substantial price increase may stem from rising raw material costs or a surge in demand, strengthening market expectations for further price appreciation.
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