After a series of narrow market consolidations, China Drying Network News has seen a mild upward trend in the sulfur market in most parts of the country since early August. As of August 20, the mainstream transaction price of domestic solid sulfur was 1,500 to 1,600 yuan (ton price, the same below), a 4% increase from the previous quarter. The reporter learned from a number of companies that the major source of kinetic energy for the sulfur market was tight supply. The continuous decline in port inventories, the increase in prices of low inventory in enterprises, and the increase in bidding prices in mining operations jointly contributed to the recovery of the sulfur market. Based on factors such as the current lower pressure on downstream companies and the weakness of the macro economy, it is expected that the upside will be limited. Decline in port stocks pushed up market prices According to statistics, China's sulfur imports in June 2012 amounted to 699,900 tons, a decrease of 41.8%. Starting from July, the stock of domestic sulfur ports once again fell for six weeks. As of August 17, the major seven major domestic port inventories fell to 1.27 million tons, a decrease of more than 23%. For example, Qingdao Port and Zhenjiang Port have low levels, and there is no source of goods to Hong Kong in the near future. Other ports have not reached Hong Kong in August. At the same time, due to the low price of sulfur market in July, the domestic market consumed a large amount of inventory, coupled with corporate production constraints, social inventory reached a low position, providing a support factor for the recent warmer prices to recover. Corporate low inventory price boost boosted the market recovery began in August, Sinopec Sichuan Puguang Gas Field and other companies have raised their prices twice due to factors such as low stock levels and growth in outbound shipments. The listing price has been raised from 1,480 yuan (t price, the same below) to 1540. Yuan, rose 4%. In addition, the maintenance of some companies in Shandong, Tianjin, and other places in mid-August resulted in a decrease in the production of liquid sulfur digested locally. The price rose by 20 to 30 yuan, and the bearish sentiment in the previous period eased. At the same time, due to the continued decline in port inventories, prices have also rebounded slightly due to this move. It is understood that due to low prices in July, traders looked down on the stock market, resulting in the supply of goods in the hands, inventory pressure has been effectively released, after several domestic large-scale production of sulfur companies to raise prices, traders reluctant to sell psychology began to increase, but also become help One of the driving forces for the market to pick up. The increase in bidding price for outsourced mining is expected to pick up. In the second week of August, the price of sulphur won by CNPC in the overseas acquisition of Chinese Taiwan was FOB198, equivalent to US$213 in South China CFR. The price of sulphur winning bids on September 19, which was higher than the price at the beginning of August, rose by US$15. This indicates that the price of sulfur in China may increase in September, which is good for traders. Reflect the current international market prices are still strong, the overall price in the third quarter is in a high position. According to another report, on August 16th, 15,000 tons of particulate sulphur were transported to Fangchenggang in Taiwan, and another two ships in the later part of the country had particle sulphur and a shipment of Iranian Iranian sulphur to Hong Kong. The actual procurement price of particulate sulphur reached RMB 1650 to RMB 1650. The above news is a good support factor for the domestic market, which will increase the outlook for the recovery. However, the domestic downstream market for sulphur is in the doldrums. The price of sulfuric acid, the main consumer product, has continued to decline since August. In early August, affected by the commencement of overhaul of some sulphuric acid enterprises, the output of sulphuric acid increased, and the ex-factory price of Shandong Xiangguang Copper and other companies was reduced by 50 yuan, which brought greater pressure on sales in the local and surrounding areas. The export of phosphorus compound fertilizer companies has been unsatisfactory, resulting in the failure to effectively increase the operating rate. The limited demand for sulfuric acid has caused imbalance in supply and demand in some regions. In addition, sulfur acid can not compete with smelting acid under the constraint of cost, which also means that the demand for sulfur will be reduced, which will have a negative impact on the sulfur market. Other sulfuric acid market prices, such as Henan and Hebei, have also declined, which is in contrast with the rising sulfur market. Comprehensive current market conditions, domestic stocks decline, the external disk is still expected to rise, the company's low rise to provide good support, while the downstream companies do not give power, can not promote the continued warming of the situation. Under the long-short game, it is expected that the market for warming up in the near future will be limited. 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