Sulfur prices soar 13.21% on tighter supply and sales restriction policies

China's sulfur prices presented a strong momentum at the opening of the month, on account of persistently tighter supply at home and abroad, and as China's three state-owned oil giants have fully enforced the sulfur supply guarantee policy for phosphate and compound fertilizer producers.

Driven by tightening sulfur supply and domestic supply guarantee policies, sulfur prices surged sharply, with the reference price for granular sulfur at Yangtze River ports at Yuan 8,400/t, a sharp increase of Yuan 980/t or 13.21% from the previous Thursday (May 28). However, sulfuric acid producers suffered from losses