The situation is swinging back and forth, and sulfur is vibrating at a high level.

The core trading logic of the current sulfur market is "geopolitical premium." The substantial supply interruption and the rigid demand for spring farming, combined, have driven up spot prices at ports rapidly. Prices have already broken through historical high levels, and downstream fertilizer companies are struggling with high costs. The demand negative feedback effect is constantly strengthening, and in the short term, the market presents a "double weak supply and demand" pattern. The price trend will highly depend on the duration of geopolitical events and the progress of logistics recovery.