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Germany experienced an incline in the sulphur prices as a result of low supply, seasonal restocking and high demand as buyers competed for limited supply. The start of the planting season and strong volumes of industrial buying have heightened competition while international buyers were also witnessed to secure material. Some tenders were reported at higher price levels, suggesting bullish sentiment in the sulphur market and prices appear to remain firm in the near term.
Key Highlights-
On the demand side, buyers are rushing to purchase sulphur early, believing there will be tighter availability of sulphur and steeper increases in price. The agricultural industry has been one of the biggest buyers, stocking up prior to their seasonal needs, while industrial buyers have been locking in supplies to avoid future costs. However, suppliers are also engaging in active purchasing, increasing the competition and resulting in higher bids and moving prices upwards faster. With the end of the summer holiday season, buyers began restocking stock, based on...
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