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According to Zhonglianjin Information Network, sulfur prices generally declined today. In Shandong, Dongming Petrochemical quoted solid sulfur at 7550 yuan/ton and liquid sulfur at 7400 yuan/ton, both down 150 yuan/ton from the previous period; Qicheng Petrochemical and Zhenghe Petrochemical quoted liquid sulfur at 7300 yuan/ton, both down 100 yuan/ton; Huaxing Petrochemical quoted liquid sulfur at 7260 yuan/ton, down 90 yuan/ton; Shangneng Petrochemical and Shenchi Chemical quoted liquid sulfur at 7290 yuan/ton and 7303 yuan/ton respectively, down 60 yuan/ton and 50 yuan/ton respectively; Wantong Petrochemical quoted solid sulfur at 7077 yuan/ton, down 30 yuan/ton. Regarding ports, Zhenjiang Ports price is 7400-7430 yuan/ton, down 30-40 yuan/ton from the previous period; Dafeng Ports price is 7380-7410 yuan/ton, down 30-40 yuan/ton from the previous period. In addition, Qingdao Refining & Chemicals solid and liquid prices remain stable, while Jincheng Petrochemical and Xintai Petrochemical have no prices quoted, and Huifeng Petrochemicals liquid sulfur price is currently unavailable due to unit shutdown.On May 26th, AntLingbo announced a deep strategic partnership with Jianzhi Innovation (Beijing) Robotics Technology Co., Ltd. According to the cooperation plan, the two parties will collaborate on data sharing across AntLingbos full-series embodied intelligent model matrix. They will also jointly develop dedicated data acquisition equipment to continuously improve the accuracy and dimensionality of human data and accelerate the scaling up of high-quality physical real-world data.On May 26, a joint statement was released by the Peoples Republic of China and the Islamic Republic of Pakistan. The statement noted that Pakistan positively appraised the informal trilateral meeting between China, Afghanistan, and Pakistan in Urumqi in April 2026 and welcomed Chinas provision of a dialogue platform for communication between the two sides. Both sides agreed to maintain close communication and cooperation on the Afghan issue. Both sides emphasized that no individual, group, or political party, including the Pakistani Taliban and the East Turkistan Islamic Movement, will be allowed to use relevant territories to undermine or threaten regional security and interests, or to engage in terrorist acts and activities.On May 26, European Central Bank (ECB) Executive Board member Schnabel stated that even if a peace agreement is ultimately reached with Iran, the ECB should still raise interest rates in June, as the conflict has lasted far longer than expected and high energy prices are spreading to broader sectors of the economy. The ECB has kept interest rates unchanged for the past year, but discussed a rate hike last month due to soaring energy costs pushing inflation significantly above the 2% target, with several policymakers signaling the necessity of action. Schnabel stated, "Given the scale and duration of the current shock, I believe a June rate hike is necessary at this point." "Even if the war ends today, energy infrastructure and global supply chains have already suffered significant damage, making a monetary policy response necessary. In terms of sustainability, the situation has actually exceeded our adverse scenario assumption, which presupposes a rapid normalization of oil prices." Schnabel also indicated that some second-round effects may have already begun to emerge, with several surveys signaling this. She said, "We are increasingly seeing this shock spreading to other parts of the consumer basket."ECB Executive Board member Schnabel: (Regarding rising bond yields) I have not seen any worrying developments.

E-mini S&P 500 Index (ES) Futures Technical Analysis

Jimmy Khan

May 17, 2022 10:21

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June E-mini S&P 500 Index futures are trading at 4042.75, up 23.00 or +0.57%, at 18:33 GMT. The S&P 500 Trust ETF (SPY) is up $1.91, or 0.48 percent, to $403.70.


On Monday, top IT companies took another knock early in the day. Apple's stock dropped 1% after briefly falling into a bear market last week. Tesla's stock has plummeted 5%. Alphabet, the parent company of Google, saw its stock drop 1.6 percent. Apple was up 0.14 percent late in the afternoon, while Tesla and Alphabet pared their losses.

Swing Chart Every Day Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 3855.00. The major trend will turn to up if 4303.00 is broken.


4303.00 to 3855.00 is the short-term range. The closest upward goal is the retracement zone around 4079.00 to 4132.00.


4509.00 to 3855.00 is the middle range. Its pivot or 50 percent level is 4182.00.


4327.50 to 4439.00 is the key retracement zone resistance.