# Sulphur Shock Cascades through Dry Bulk Markets – News – SSY

> The effective closure of the Strait of Hormuz has disrupted sulphur supply, since the Middle East supplies about 50% of global sulphur. Sulphur replacement costs rose to the low $700s per tonne CFR. OCP cut production by 30% in the second quarter, and Mosaic reduced phosphate output in Brazil and the US, while CRU reports negative phosphate margins before processing costs.

- Date: 2026-06-11 · published 2026-06-11T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/19122-sulphur-shock-cascades-through-dry-bulk-markets-news-ssy
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Reduced phosphate output from major exporters tightens global phosphate and fertilizer supply, which supports DAP and phosphate rock prices. Lower fertilizer availability could eventually reduce grain yields and support grain prices.

## Read by commodity

- DAP: bullish ▲
- PHOSROCK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-03-10 | [Nitrogen and Phosphate Markets Enter Supply Shock](https://feedsoft.ai/events/20101-nitrogen-and-phosphate-markets-enter-supply-shock.md) | +2.8% | +21.1% |
| UREA | 2026-05-19 | [Global wheat markets on edge as war, weather, fertilizer shocks drive new rally \| S&P Global](https://feedsoft.ai/events/19291-global-wheat-markets-on-edge-as-war-weather-fertilizer-shocks-drive-new-rally-s.md) | -1.9% | -30.1% |
| UREA | 2026-03-02 | [Urea derivatives surge on Middle East conflict \| Latest Market News](https://feedsoft.ai/events/4428-urea-derivatives-surge-on-middle-east-conflict-latest-market-news.md) | +25.5% | +36.4% |
| UREA | 2022-08-24 | ['New shock' for European markets as gas price spike fuels inflation fears \| Reuters](https://feedsoft.ai/events/40209-new-shock-for-european-markets-as-gas-price-spike-fuels-inflation-fears-reuters.md) | +20.2% | +13.3% |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| DAP | 2026-03-10 | [Nitrogen and Phosphate Markets Enter Supply Shock](https://feedsoft.ai/events/20101-nitrogen-and-phosphate-markets-enter-supply-shock.md) | -0.9% | +10.2% |
| DAP | 2024-03-25 | [Maaden, OCP sell MAP, TSP to Latam \| Latest Market News](https://feedsoft.ai/events/31531-maaden-ocp-sell-map-tsp-to-latam-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2024-03-25 | [High prices to curb southern LatAm phosphate imports \| Latest Market News](https://feedsoft.ai/events/31532-high-prices-to-curb-southern-latam-phosphate-imports-latest-market-news.md) | -10.7% | -13.4% |

## Sources

- ssyglobal.com: https://www.ssyglobal.com/news/research/sulphur-shock-cascades-through-dry-bulk-markets

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.