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Argus's late-2021 review reported that sulfur prices firmed in the fourth quarter after DAP rallied in October and Chinese phosphate export restrictions remained unclear. Middle East FOB sulfur was assessed at $223-230 per tonne and Brazil CFR near $245-246 per tonne.
Phosphate producers were restocking sulfur ahead of constrained Chinese DAP and MAP supply.
Phosphate producers' sulfur purchases tie sulfur demand to DAP output, so tight Chinese phosphate supply supports sulfur and DAP prices. Buyers of phosphate-based feed inputs should expect firmer costs.
sulfurwire.comSulfur Wire desk30 nov 2021Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
