January 7th News
On January 7th, the sulfur unit at Sinopec Qingdao Refinery operated normally. The price of solid sulfur was 3,730 yuan/ton, an increase of 80 yuan/ton, while the price of liquid sulfur was 3,580 yuan/ton, a significant increase of 170 yuan/ton.
Chempricehub Analysis of Sulfur, Bull-Bear Score: 2
The article indicates that the sulfur unit at Sinopec Qingdao Refinery operated normally, with the price of solid sulfur rising by 80 yuan/ton to 3,730 yuan/ton and the price of liquid sulfur increasing significantly by 170 yuan/ton to 3,580 yuan/ton. This suggests stable supply and strong demand in the sulfur spot market, with substantial price hikes (particularly a 5% increase for liquid sulfur). This reflects increased demand from downstream industries such as fertilizers or chemicals, or potential cost-push factors. This news is highly favorable for sulfur spot prices and is expected to boost market optimism, with short-term prices likely to continue strengthening.