Texas, USA: The global Sulphur market is trending bullishly, driven by supply chain disruptions and rising demand from the downstream Agrochemical sector. Although the drop in Crude Oil prices has reduced Sulphur production costs, which might have softened the trend, the declining port inventories are helping to sustain the bullish momentum in the market.
In the U.S., the Sulphur market rose by x.xx, reaching USD xxx/MT (CFR-Texas) in the week ending November xst. This bullish trend is largely attributed to disruptions in the supply chain between Canada and the U.S., resulting from strikes at Canadian ports. Higher November settlement prices from Middle Eastern suppliers have led Canadian Sulphur suppliers to raise their offers. Meanwhile, in Vancouver, labor negotiations between the International Longshore and Warehouse Union (ILWU) Local xxx and the British Columbian Maritime Employers Association (BCMEA) are ongoing, following a Canadian Industrial Relations Board ruling that ILWU...
