Sulfur prices rallied sharply and then corrected downward in June. Supported by volatile international geopolitics and consistently low port inventories,

China’s slumping sulfur imports driven by Middle East geopolitical shipping disruptions and tight global supply Core Customs Data In May

Phosphate Ore: the phosphate ore market shows obvious differentiation. Supply of yellow phosphorus remains tight with high prices due to

·  Sulfur: The price skyrocketed from CNY9,600/t to CNY11,600/t,rise above CNY2000/t within the week. Tight import from Middle East, historic low port

·  Sulfur price corrected slightly to CNY7,300/t on easing Middle East situation expectations, then rebounded back to above CNY7,400/t end of May. Since

FERTILIZER MARKET WEEKLY OUTLOOK & PRICE TRENDS ·  Yellow Phosphorus: The price has been rising continuously in a single direction, with

·  Yellow phosphorus: The price showed an upward – trend. The benchmark price of yellow phosphorus rises from CNY28,896/t to CNY31,296/t in

Phosphorus: as the market doesn’t accept too high cost, P4 price slides. Benchmark price comes to CNY28,562/t. Yellow phosphorus operation