The situation in the Middle East is once again in turbulence. Coupled with the fact that the fall fertilizer preparation is just around the corner, sulfur prices are gradually rebounding. Looking at the later stages, overall international supply and demand are weak, but there will still be immediate support in the future, and prices may continue to be high in the third quarter. After more than 100 days, the US and Iran reached a memorandum of understanding on June 18, and the international energy market breathed a sigh of relief. However, the good times did not last long. In early July, the situation in the Middle East resumed, the maritime blockade was reinstated, and the supply situation was once again tense. The Strait of Hormuz was blocked again, and the supply of commodities such as sulfur was limited. Influenced by the situation in the Middle East, domestic sulfur prices have also fluctuated accordingly. Since late June, the average price of mainstream transactions showed a rebound after falling, encroaching on earlier declines. As of Wednesday 22nd, the transaction price of sulphur fixed in some regions had even returned to above 10,000 yuan. As of Wednesday 22nd, the average domestic solid sulfur transaction price was 9471.25 yuan/ton, and the average mainstream transaction price of liquid sulfur was 9523.00 yuan/ton, up 5.81% and 5.67% respectively from the beginning of the month. In the short term, there are still expectations that it will continue to rise. Although domestic and foreign supply and demand are weak, support for immediate demand is strong.

The situation in the Middle East is once again in turbulence. Coupled with the fact that the fall fertilizer preparation is just around the corner, sulfur prices are gradually rebounding. Looking at the later stages, overall international supply and demand are weak, but there will still be immediate support in the future, and prices may continue to be high in the third quarter. After more than 100 days, the US and Iran reached a memorandum of understanding on June 18, and the international energy market breathed a sigh of relief. However, the good times did not last long. In early July, the situation in the Middle East resumed, the maritime blockade was reinstated, and the supply situation was once again tense. The Strait of Hormuz was blocked again, and the supply of commodities such as sulfur was limited. Influenced by the situation in the Middle East, domestic sulfur prices have also fluctuated accordingly. Since late June, the average price of mainstream transactions showed a rebound after falling, encroaching on earlier declines. As of Wednesday 22nd, the transaction price of sulphur fixed in some regions had even returned to above 10,000 yuan. As of Wednesday 22nd, the average domestic solid sulfur transaction price was 9471.25 yuan/ton, and the average mainstream transaction price of liquid sulfur was 9523.00 yuan/ton, up 5.81% and 5.67% respectively from the beginning of the month. In the short term, there are still expectations that it will continue to rise. Although domestic and foreign supply and demand are weak, support for immediate demand is strong.