The sulfur industry chain market has collectively risen Lithium iron phosphate has become a hot spot for consumption

"In the first three quarters of this year, driven by the high price of raw materials, sulfuric acid, sulfuric acid and their downstream markets also ushered in a collective rise." This is the information released at the 2021 sulfur industry chain autumn market exchange meeting held in Chengdu recently.

　　According to Liao Kangcheng, deputy secretary-general of the China Sulfuric Acid Industry Association, in the first three quarters, the price of port granular sulfur rose to a new high in the past 10 years, with an overall increase of about 187%; domestic sulfuric acid prices showed a unilateral upward trend, from 265 yuan (ton price, the same below) at the beginning of the year to 825 yuan at the end of September, an increase of more than 2 times.

　　For the reasons for the soaring price of sulfuric acid, Liao Kangcheng believes that there are three main aspects: one is the over-issuance of currency; the second is the rise in raw material prices; and the third is the rise in the volume and price of downstream products. It is understood that the output of sulfuric acid main downstream products has increased significantly this year. In the first nine months, the increase in production of four products alone, phosphorus compound fertilizer, titanium dioxide, hydrofluoric acid and caprolactam, increased sulfuric acid demand by 4 million tons.

　　From the perspective of the downstream market, the price increase of phosphate fertilizer is particularly obvious, close to the 10-year high. According to Wang Ying, director of the Information Department of the China Phosphorus Compound Fertilizer Industry Association, the price of phosphate fertilizer has been rising this year, and as of the end of September, the price of monoammonium phosphate has increased by 68.78% compared with the beginning of the year, and the price of diammonium phosphate has increased by 39.38% compared with the beginning of the year. However, a series of policies to ensure supply and stabilize prices recently introduced by the state have curbed the rising momentum of phosphate fertilizers and stabilized prices. However, under the strong support of the cost side, the price of phosphate fertilizer will remain high, and the room for correction is limited.

　　For the future consumption trend of sulfur industry chain products, Luo Rongquan, sales director of Suzhou Kaiyuan Chemical Energy Co., Ltd., believes that the new hot spot in the consumption field of sulfur industry chain is lithium iron phosphate batteries. At present, some phosphate fertilizer, phosphorus chemical and titanium dioxide enterprises have begun to lay out the lithium iron phosphate project, and it is expected that the next 3 to 5 years will drive 2 million tons of sulfur consumption per year, and the price of sulfur will remain high, thereby providing cost support for downstream products. (Wang Lijin)