Geostrategic disturbances repeatedly, sulfur prices fluctuate at high levels.

Currently, the sulfur market is closely monitoring the navigation status and the progress of shipping recovery in the Strait of Hormuz. At present, there are several cargo ships crossing the strait, with the final destination for unloading yet to be determined. In the short term, sulfur prices are highly susceptible to various geopolitical developments and news about passage through the strait, leading to a cautious and wait-and-see trading atmosphere. Once the goods successfully pass through the strait, they will be redistributed among various consuming countries worldwide, with uncertainties remaining in terms of imports for China. The tight supply situation in the spot market has not yet been substantially alleviated, leading to cautious operations in the industry.