In the first five months of this year, Shandong Huangdao Port imported 291 sulphur batches and 415,000 tons of sulphur with a value of 83.6 million U.S. dollars. The main imports are state-owned Russia, Turkmenistan, South Korea, Saudi Arabia, and Arab. United Arab Emirates, United States, etc.
It is understood that as a large number of imported resources, since January 1 this year, China's import of sulfur tariffs from 3% to 1%, so that the cost of sulfur imports to reduce, and promote the growth of sulfur imports. In addition, in recent years, China's phosphate fertilizer production capacity continues to grow, sulfuric acid is an important raw material for the production of phosphate fertilizer, and sulfur is the raw material for sulfuric acid production, which to some extent, pulled the sulfur demand in the domestic market.
It is reported that, due to the recent decline in international crude oil prices and off-season factors such as fertilizer exports, domestic sulfur traders are mostly holding positions, waiting for the autumn season sales. Statistics show that the stock of sulfur at the Huangdao port has reached 160,000 tons, and the container-loaded sulfur inventory is about 20,000 tons.
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