The downward price for sulfur paniced the demestic sulfur market everywhere
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Along with fertilizers export tariffs settles dust, recent domestic sulfur yellow market enters the concussion prices, market all over everywhere, domestic manufacturers, panic import businesses are low-cost sales, sulfur yellow price drop substantially.
Domestic manufacturers face fell back quickly sulfur yellow market, reduce inventory became the first target. Due to the pier continued to appear on domestic manufacturers new low price, obviously, all sales quashing depreciation in succession to stimulate sales, refinery clinch a deal to beg for refinery thering is no lack of favorable, high up sharply lower out. At present, the domestic sulfur yellow market mainstream price has fallen to 1350 | 1,500 yuan (tons price, similarly hereinafter), the cumulative decline of 200 yuan, local decline of 300 yuan.
This round of sulfur yellow plunge market because the following reasons:
One is the high price before before reaching the market in succession, threw wave goods to cash. The market gradually highs, the crowd wave in market prices range 16 | 1700 yuan market volatile prices, concussion amplitude reach 200 | 300 yuan, trading atmosphere temperature sharply. Meanwhile local area have larger businesses, suppress sulfur yellow price cut ex-factory price of domestic manufacturer in succession, preferential promotion; Downstream fertilizer manufacturers purchase enthusiasm, most manufacturers step empty downturn amid this round, not willing to pay for this round, causes the market purchasing power amid falling behind cash, the goods can be found everywhere. Traders continuously someone throw goods, the currency wait-and-see, cash, wharf waning faith price sharply, part of wharf sulfur yellow sales price making low. It is reported, clinch a deal the price now part of wharf insufficient 1300 yuan, mainstream level in 1350 | 1480 yuan, the price is slightly lower than domestic sulfur yellow.
2 it is fertilizer export tariffs settles dust, export door close. The general administration of customs on November 29 issued announcement: with the approval of the state council, since December 2010 1 to December 31 of urea and ammonium, according to 35% of the temporary tariff rate imposed export tariffs, and collect 75% of special export duties. December 1 in 3 export and declared in advance arrive within 3 working days of the customs surveillance zone, allowing press former tax execution. P export tariffs to maintain the original exchange rate, time to adjust export phosphate off-season June to September. The export policy adjustment, make off-season export time reduced by two and a half months. Meanwhile, on December 1, 2010, begin to carry out the new export policy equivalent of export door close, while off-season export door open another will likely in June in 2011. This is a bad news phosphate exports, especially on export-oriented fertilizer enterprises; For the main target markets in China for the manufacturer, it is indirect bad early partial export resources would be turned to the domestic market, oversupply, demand will national regulation fertilizer price strategy began showing effect, short line p market has dropped possible. As sulfur yellow, the first major consumer p businesses wait-and-see market outlook, sulfur yellow purchasing enthusiasm slump.
Three European debt crisis spreading, is a strong dollar write-downs sulfur yellow outside dish. Europe debt crisis spread is still not over, Ireland back burden, the dollar has been rising, accumulative total rises about 7%. Sulfur yellow outside dish loose fell back. According to statistics, at present China import prices for sulfur yellow CFR170 | 180 dollars, or 145 yuan RMB cost 1380 |. According to the current domestic market price estimates, basically no profit space. At the same time, influenced by China's recent sulfur yellow market plunged influence, international sulfur yellow market atmosphere has turned pale. Outside dish domestic sulfur yellow market back bad purchase dynamics continue to fall, the importer.
In addition, the domestic sulfur yellow market fell back quickly, shadow, quashing businessman hype is price also become sulfur yellow willingness of many large businesses, market this rebirth adjustable belongs to the normal range, but recent appear constantly large businessman to suppress sulfur yellow price, the hype market. Copy Therefore avoid short term risk is the key that the market is still have certain downside space, short line the risk is bigger, the market is at a concussion period.
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Author Resource:-
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By :
Jessie Stone
Submitted
2011-04-23 18:48:13 |
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