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At present, some markets have gradually reached a transaction with a CIF price of US$200 (t price, the same below), but China’s contract price in the second quarter has not yet been determined. Chinese buyers and Arabian Gulf suppliers are currently taking a wait-and-see attitude and are waiting for concessions. In the past few weeks, most Chinese phosphate and compound fertilizer manufacturers have continued to make concessions on prices, making prices rise from the initial CIF price of US$150 to the current US$190, and the highest price that small-batch buyers can accept is The shore price is 205 US dollars.
Compared with other regional markets, China's purchase price is still at a relatively low level. Last week's sulphur spot transactions in Iran, India and Taiwan finalized the new high price of the international sulfur market at the FOB price of 205 to 210 US dollars. This gives Middle East suppliers more confidence in the current pricing. In particular, in the current South American market, there is a very scarce supply of sulphur. Brazilian buyers recently traded sulphur from Iran, UAE, Libya, and other countries with CIF price as high as 250 US dollars, and recently re-exported from India to the price of sulphur in the Argentinean market. CIF has reached 265 US dollars.
As the sulfur supply in the international market is still limited, the sulfur market still maintains a seller's market, and suppliers are full of confidence in price increases.