Following Sinopec raised its price on Feb. 24, it was raised again on March 1. Two times the adjustment rate was at RMB 50-70/ton, covering the entire country. In addition, the quotation for China's outer disk rose in the last two days. The market has generated support; with the impending spring planting, ** is expected to usher in the peak season of demand, and some traders are speculating on the market. **Good news, but can this warm up be carried out smoothly? How much will warm up?
After Sinopec raised the price on February 14th, the downstream reaction was stalemate. Liquids in the North and East China were under greater pressure for shipments, and some of them increased preferential prices. After undergoing a price adjustment on March 1, South China refineries compared to ports. Still have the advantage of price, shipping is OK; overhauling along the river area, there is basically no stock pressure. Domestic refineries are generally buying and selling light.
As Sinopec raised prices several times, port quotes rose, but the actual turnover was limited. At present, the attitude of traders is more divided. In the northeast, northwest, and Qingdao Port areas, some traders are optimistic about spring ploughing and are reluctant to sell their goods. However, traders of Nantong Port and Fangchenggang have a strong willingness to ship, but overall purchases and sales are light.
International ** markets have been mixed in different markets. Although some countries have spurred China's spring ploughing market, resulting in an uptrend in China's external market, prices in North Africa, Brazil and the Black Sea have fallen. There are still unstable factors in the international Sulfur City, and it is recommended that operators should exercise caution.
In the downstream, ** main producing areas were lightly traded, and Shandong and East China were under a lot of inventory pressure; fertilizer companies were affected by the shortage of phosphate ore resources and prices continued to rise, and the cost pressure was too great to support the continued sharp increase. The fertilizer company stated that if the price of ** continues to rise, it is not ruled out that the high price may be resisted later.
Zhuo Chuang believes that the domestic market has been affected by multiple positive effects, and it may maintain a steady upward trend in the near future. However, there are still negative factors that prevent the Sultanate from continuing to heat up, and it is recommended that operators carefully exercise this round of market conditions.
After Sinopec raised the price on February 14th, the downstream reaction was stalemate. Liquids in the North and East China were under greater pressure for shipments, and some of them increased preferential prices. After undergoing a price adjustment on March 1, South China refineries compared to ports. Still have the advantage of price, shipping is OK; overhauling along the river area, there is basically no stock pressure. Domestic refineries are generally buying and selling light.
As Sinopec raised prices several times, port quotes rose, but the actual turnover was limited. At present, the attitude of traders is more divided. In the northeast, northwest, and Qingdao Port areas, some traders are optimistic about spring ploughing and are reluctant to sell their goods. However, traders of Nantong Port and Fangchenggang have a strong willingness to ship, but overall purchases and sales are light.
International ** markets have been mixed in different markets. Although some countries have spurred China's spring ploughing market, resulting in an uptrend in China's external market, prices in North Africa, Brazil and the Black Sea have fallen. There are still unstable factors in the international Sulfur City, and it is recommended that operators should exercise caution.
In the downstream, ** main producing areas were lightly traded, and Shandong and East China were under a lot of inventory pressure; fertilizer companies were affected by the shortage of phosphate ore resources and prices continued to rise, and the cost pressure was too great to support the continued sharp increase. The fertilizer company stated that if the price of ** continues to rise, it is not ruled out that the high price may be resisted later.
Zhuo Chuang believes that the domestic market has been affected by multiple positive effects, and it may maintain a steady upward trend in the near future. However, there are still negative factors that prevent the Sultanate from continuing to heat up, and it is recommended that operators carefully exercise this round of market conditions.
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