Analysis & Prediction
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At present, sulfur domestic market continues declining. Its closing price is 600 yuan or so. Currently the factories are setting their prices owing to their own circumstances. Now sulfur market in East China and North China is weak, the mainstream offer is 700 yuan. The factories claim that there is a deep gap between domestic and international sulfur market.
Currently, the turnover of port Sulfur Market was weak. The port sulfur in Dec with an average price of 55 dollars has almost been sold off. The international market reported that in the first quarter of 2009,the port sulfur price will be 80 yuan, but only a little in January. Because many domestic enterprises are in a shutdown situation. The factory expects the price of sulfur will maintain 500 or so in the later period.
Prediction
Both domestic and international sulfur market are in a declining trend. The domestic prices descend about 100 yuan, now about 700 yuan in the mainstream .It is expected to continue declining. The port Sulfur price is around 600-650 yuan. It is expected to decline to 600 yuan or even lower.
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