Abu Dhabi, UAE: In the global market, Sulphur prices persist in a bearish trend, largely influenced by the ongoing downturn in the Agrochemical sector. With decreased demand from this sector, Sulphur consumption rates have declined, leading to an accumulation of inventory levels. Consequently, traders are opting to sell their stocks at reduced prices to mitigate losses and prevent prodcution loss. This indicates a weakened demand from downstream Agrochemical industries, alongside a buildup of inventory in storage facilities. Regional producers also revised their Sulphur prices, driven by slow purchasing and declining demand for new stock.
In the Middle Eastern market, Sulphur prices have seen a decline, reaching USD xx/MT (FOB-Abu Dhabi) by the week ending on February xxth, xxxx, despite the upsurge in Crude Oil prices, its upstream counterpart. This increase in Sulphur prices is contributing to rising production costs. The main factor behind this price decrease is...
