Mixed Fortunes for Sulphur: Chinese Prices Fall as US Market Holds Steady

After witnessing bullishness for a few weeks, the Sulphur market in China witnessed a decline in its trend. During the week ending on May **, the Chinese sulphur market experienced a decline of *.*** and the prices fell to USD ***/MT (Ex-Shanghai). This decline in the market sentiments of the commodity was due to the declined production cost along with the limited demand for sulphur from the downstream agrochemical sector in China.

The production cost of the commodity witnessed a decline of *.** in the Crude Oil market, which provided support to the bearish market sentiments in China. Moreover, this decline was experienced as not enough purchasing activities were witnessed and one of the major reasons for these weak market activities is the limited phosphate exports which are lower than the previous year. Therefore, the demand for the commodity from the phosphate producers is weak...