① Domestic sulfur production for the week (September 25 – October 1, 2026) is estimated at approximately 211,400 tons, representing a month-on-month increase of 0.62%.
② National port inventory stood at 963,400 tons, an increase of 3.47% compared to last Thursday.
③ The industry utilization rate for monoammonium phosphate this week was 46.39%, down 0.39 percentage points from last Thursday. The utilization rate for diammonium phosphate was 42.40%, down 1.24 percentage points from last Thursday.
This week, the domestic sulfur market experienced a slight decline. As of now, the mainstream granular price at Zhenjiang Port stands at 7,100 yuan/ton, a decrease of 50 yuan/ton (-0.70%) compared to last Thursday. On the international front, sluggish global demand has forced some suppliers to accept lower quotations to secure cash flow and accelerate the shipment of spot cargo. However, existing buyers remain largely in a wait-and-see mode, anticipating further market declines. In China, there have been no significant USD-denominated negotiation updates, further confirming the weakness in domestic demand.
Domestically, on the first working day following the holiday, inquiry and buying activity at ports did not substantially recover. Sellers maintained pre-holiday quotation levels, resulting in flat trading performance and a sideways market trend. Subsequently, selling pressure persisted within the ports; however, habitual pricing failed to attract interest from potential buyers. Consequently, individual sellers adjusted their prices, causing the market center to shift downward. With another holiday approaching, various traders are poised for opportunities, and some holders are adjusting positions accordingly. Although negotiations involve some back-and-forth, reports indicate that small-lot transactions continue to close around 7,100 yuan/ton.
Table 1: Comparison of Domestic Sulfur Prices at Ports (Unit: Yuan/Ton)
| Market | Grade | 2026/9/24 | 2026/9/24 | Change Value | Change Rate |
|---|---|---|---|---|---|
| Zhenjiang Port | Granular | 7,150 | 7,100 | -50 | -0.70% |
| Dafeng Port | Granular | 7,130 | 7,080 | -50 | -0.70% |
| Data Source: Chempricehub |
① Puguang Wanzhou currently does not offer external quotes.
② As of September 30, port inventory in the Yangtze River region reached 317,000 tons, an increase of 2.26% compared to last week.
Market participants typically maintain a wait-and-see attitude after holidays. While interactions between industrial and trade entities may be limited, inquiries and tentative probes will likely occur. The operational intentions of long-term contract suppliers will objectively influence market sentiment. If these suppliers lack initiative, the market may stabilize sideways. Conversely, if they actively engage in restocking, the market trend may improve.
Comments
0