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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 2021Setelah 193 peristiwa perdagangan bullish sebelumnya, DAP bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -0,3% sampai +1,8%), dan +1,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
