
Abu Dhabi National Oil Company set its November sulfur official selling price at 740 dollars per tonne FOB Ruwais, down 150 dollars from October. China's 100ppi sulfur benchmark fell to 5,076.75 yuan per tonne on 13 November, after QatarEnergy at 735 dollars and Kuwait at 720 dollars also posted November Gulf prices.
Sulfur is a key input for phosphate fertilizer production, so lower Gulf and Chinese sulfur prices ease producer costs for DAP and related phosphate fertilizers, which can support feed grain and oilseed crop economics over time. The effect on feed commodity prices is indirect and modest.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.