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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.

S&P 500 Price Forecast – S&P 500 Futures Tests the Low Again

Skylar Shaw

May 20, 2022 09:38

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Technical Analysis of the S&P 500

The S&P 500 continues to give traders issues throughout the globe, as there is a lot of selling pressure. While we did rebound off the recent lows early on, there's nothing on this chart to indicate we won't do so again. Indeed, given the enormous candlestick that developed throughout the day on Wednesday, I would expect it. That demonstrates genuine dread, and to be honest, we're still a long way from surrender. As long as that is the case, I think the S&P 500 is a market you should be trying to sell on rallies.


In terms of the US consumer, earnings calls have been fairly alarming, and this is something that a lot of people will be paying attention to. It's difficult to picture the S&P 500 taking off to the upside as long as it appears that the US consumer is beginning to collapse. Granted, it may outperform many of its global competitors, but that is not guarantee that it will be beneficial. You don't want to be in the "less awful" category.


To be honest, I wouldn't have anything to do with the stock market right now; it's much too unpredictable and certainly too hazardous. We'd have to clear the 4150 level at the very least to consider this a market reversal, which doesn't seem to be happening anytime soon. As a result, I think the market is one in which you, like many other players, will continue to fade rallies.

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