{ "generated_at": "2026-10-20T14:13:36.119Z", "note": "Curated from the open intel archive for logistics/stem/export context. Not a live vessel schedule and not AIS.", "count": 188, "items": [ { "id": "sw-intel-20261019-01", "published": "2026-10-19", "title": "Shandong Dongming cuts liquid sulfur 1,100 yuan/t to 5,000 and solid 800 yuan/t to 6,500 on Oct 19", "summary": "Shengyishe PriceSeek on 2026-10-19 reported Shandong Dongming Petrochemical Group cut liquid sulfur offers by 1,100 yuan per metric tonne to 5,000 yuan per tonne and solid sulfur by 800 yuan per tonne to 6,500 yuan per tonne. The wire flags Dongming as a regional core refinery, so the step can pull Shandong spot lower after two flat sessions at the 6,652.33 yuan Shengyishe rawmex close on 2026-10-18. For Pacific export desks the read is faster domestic erosion against Vancouver FOB transactions at 830 to 840 dollars per tonne on the 15 October ChemPriceHub roundup and open Vancouver to China freight at 38 to 43 dollars per tonne on ChemPortal. Open domestic plant pricing via 100ppi; Sulfur Wire cites open trade press figures only.", "source": "Shengyishe / 生意社 (100ppi)", "source_url": "https://www.100ppi.com/news/detail-20261019-6363225.html", "data_type": "verified_public", "geography": [ "China", "Canada" ], "topics": [ "prices", "supply" ] }, { "id": "sw-intel-20261019-02", "published": "2026-10-19", "title": "China spot sulfur 6,076.75 yuan/t on 10jqka print; Shengyishe morning 基准 6,652.33 yuan/t frames Vancouver netback", "summary": "Tonghuashun iFind data republished on 2026-10-19 put China's sulfur spot at 6,076.75 yuan per metric tonne, down 575.58 yuan day on day, with a 16.97 percent loss over the prior week in the same table. Shengyishe's morning commodity wire on 19 October carried the national sulfur 基准价 at 6,652.33 yuan per tonne, down 13.45 percent versus the 7,685.67 yuan month-start reference in the house statistics block. Against open Pacific anchors, ChemPriceHub's 15 October roundup cited Vancouver FOB transactions at 830 to 840 dollars per tonne, down 50 dollars on the week, while October Middle East producer contracts on SMM's notice read QatarEnergy 835 dollars, Kuwait Petroleum Corporation 820 dollars, and ADNOC 890 dollars FOB Ruwais. ChemPortal's 15 October freight row sizes Vancouver loading to China on 50 to 60 thousand tonne parcels at 38 to 43 dollars per tonne. Alberta Energy Regulator ST3 through August 2026 still shows closing inventory at 11,042,851.4 tonnes for the North American physical anchor when desks test whether lower Chinese spot widens or narrows the Vancouver stem bid.", "source": "Open market and government sources", "source_url": "https://goodsfu.10jqka.com.cn/20261019/c680840716.shtml", "data_type": "verified_public", "geography": [ "China", "Canada", "Middle East" ], "topics": [ "prices", "exports", "freight" ] }, { "id": "sw-intel-20261019-04", "published": "2026-10-19", "title": "China coastal sulfur port stocks 1.1198 Mt on Oct 19 Shengyishe wire; Fangcheng 420 kt", "summary": "A Shengyishe port inventory wire timestamped 14:18 on 2026-10-19 put monitored coastal elemental sulfur stocks at 1.1198 million metric tonnes, down about 3,700 tonnes from the 1.1235 million tonne print on the 15 October wire. The breakdown listed Fangcheng at 420,000 tonnes, Zhanjiang at 360,000 tonnes, Zhenjiang at 205,000 tonnes, Dafeng at 82,000 tonnes, Beihai at 18,000 tonnes, and Nanjing at 10,000 tonnes. The modest draw lands as domestic spot breaks to 6,076.75 yuan per tonne on Shengyishe's 16:00 基准价 close and Shandong plants widen cuts, a mix that can keep import cover comfortable even when Pacific stem bids soften. Open domestic port statistics via trade press; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社 (100ppi)", "source_url": "https://www.100ppi.com/rawmex/detail-427.html", "data_type": "verified_public", "geography": [ "China", "Canada" ], "topics": [ "inventory", "supply" ] }, { "id": "sw-intel-20261018-02", "published": "2026-10-18", "title": "China coastal sulfur port stocks plateau near 1.123 Mt on Oct 14–15 Shengyishe wires", "summary": "Shengyishe port inventory wires dated 2026-10-14 and 2026-10-15 put monitored coastal elemental sulfur stocks at 1,123,200 and 1,123,500 metric tonnes respectively, a flat band after the mid-October build from 1,019,700 tonnes on the October 8 wire. The October 15 breakdown still listed Fangcheng at 420,000 tonnes, Zhanjiang at 360,000 tonnes, Zhenjiang at 208,000 tonnes, Dafeng at 83,000 tonnes, Beihai at 18,000 tonnes, and Nanjing at 10,000 tonnes. For Pacific export desks the read is heavy but stable China coastal cover into the Oct 18 weekend while domestic spot sits at the three-month low. Open domestic port statistics via trade press; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/rawmex/detail-427.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "inventory", "supply" ] }, { "id": "sw-intel-20261017-02", "published": "2026-10-17", "title": "Shengyishe Oct 15 coastal port wire lifts monitored stocks to 1.1235 Mt; Fangcheng and Zhanjiang lead", "summary": "Shengyishe's rawmex feed carried a coastal port inventory wire dated 2026-10-15, putting monitored Chinese coastal elemental sulfur stocks at 1,123,500 metric tonnes (112.35 万吨), up about 103,800 tonnes versus the October 8 wire at 1,019,700 tonnes still on the page earlier in the month. The breakdown listed Fangcheng at 420,000 tonnes, Zhanjiang at 360,000 tonnes, Zhenjiang at 208,000 tonnes, Dafeng at 83,000 tonnes, Beihai at 18,000 tonnes, and Nanjing at 10,000 tonnes, with Beihai also shown at 18,000 tonnes in the domestic table line. For North American export desks the read is heavier China coastal cover into mid-October while domestic spot continues to slide, not an Alberta or Vancouver inventory print. Open domestic port statistics via trade press; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/rawmex/detail-427.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "inventory", "supply" ] }, { "id": "sw-intel-20261017-03", "published": "2026-10-17", "title": "ChemPortal Oct 15 freight table: Vancouver–China 50–60 kt at 38–43 USD/t; Pacific stem freight separate from FOB assessments", "summary": "ChemPortal's open sulphur dashboard dated 15 October 2026 published a freight table row for Vancouver loading to China on 50–60 thousand tonne parcels at 38–43 dollars per tonne, unchanged in the low–high band format from the prior week's Pacific freight context on the same page. The site labels its spot price grid as Argus and PetroGeneral sourced; Sulfur Wire does not redistribute those licensed weekly FOB assessment bands on public pages. The freight row is a public logistics marker for the Vancouver stem into China when desks size CFR netbacks against domestic Chinese spot near 6,650 yuan per tonne on Shengyishe. Open trade-portal freight table; not a licensed PRA weekly assessment.", "source": "ChemPortal", "source_url": "https://www.chemportal.com.tr/markets/sulphur.html", "data_type": "verified_public", "geography": [ "Canada", "China" ], "topics": [ "freight", "exports" ] }, { "id": "sw-intel-20261017-04", "published": "2026-10-17", "title": "China sulfur loses 10% in eight days as acid and seaborne contracts reset", "summary": "Shengyishe's national sulfur benchmark fell from 7,402.33 yuan per metric tonne on October 9 to 6,652.33 yuan on October 17, a 10.1 percent decline, while its monitored coastal stock tally rose to 1.1235 million tonnes on October 15. SunSirs put China's industrial-grade 98 percent sulfuric acid reference at 1,557.50 yuan per tonne on October 17, down from 1,677.50 yuan on October 14. SMM's open October producer notice set QatarEnergy at 835 dollars per tonne FOB, Kuwait Petroleum Corporation at 820 dollars and ADNOC at 890 dollars FOB Ruwais, while ChemPriceHub's October 16 public roundup reported Vancouver transactions at 830 to 840 dollars per tonne FOB. AER's August government close remains the North American physical anchor at 11,042,851.4 tonnes, while the fourth-quarter Tampa molten contract was still unsettled on October 16 and the confirmed third-quarter contract remained 705 dollars per long ton.", "source": "Open market and government sources", "source_url": "https://www.100ppi.com/news/detail-20261009-6314274.html", "data_type": "industry_estimate", "geography": [ "China", "Canada", "Middle East", "United States" ], "topics": [ "prices", "inventory", "demand" ] }, { "id": "sw-intel-20261008-02", "published": "2026-10-08", "title": "Shengyishe October 8 coastal port wire lifts monitored stocks to 1.0197 Mt; Fangcheng and Zhanjiang lead build", "summary": "Shengyishe's open feed on October 8 posted a fresh coastal port inventory wire dated 2026-10-08, putting monitored Chinese coastal elemental sulfur stocks at 1,019,700 metric tonnes (101.97 万吨), up about 79,500 tonnes versus the September 23 wire at 940,200 tonnes still carried on the page. The breakdown listed Fangcheng at 420,000 tonnes, Zhanjiang at 260,000 tonnes, Zhenjiang at 210,000 tonnes, Dafeng at 83,000 tonnes, Beihai at 18,000 tonnes, and Nanjing at 10,000 tonnes. For North American export desks the read is a heavier China coastal stock cushion into the first full post-Golden-Week session, not a Vancouver or Alberta inventory print. Open domestic port statistics via trade press; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/rawmex/detail-427.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "inventory", "supply" ] }, { "id": "sw-intel-20261008-04", "published": "2026-10-08", "title": "AER news index unchanged since June 11 Kearl plea; USGS sulfur MIS still 2026 Q1 only on open hub", "summary": "The Alberta Energy Regulator's public news-release index on October 8 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2025 energy-outlook and pipeline-performance releases. The U.S. Geological Survey National Minerals Information Center sulfur statistics page remained accessible with the ScienceBase transition note unchanged and Mineral Industry Surveys links showing 2026 monthly files through March only, with 2025 monthly files listed through December but no new October 2025 MIS signal beyond the standing index. Alberta recovered-sulfur desks should continue to watch ST3 statistical files and Vancouver trade statistics rather than these feeds for forming-plant or export volumes. Open government pages; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator; U.S. Geological Survey", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada", "United States" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261007-02", "published": "2026-10-07", "title": "Oilchem October 1 holiday desk still flags weak post-Golden-Week setup; no October 7 sulfur daily posted", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review and price dailies through September 30, with no October 7 daily, morning note, or midday review posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20261007-04", "published": "2026-10-07", "title": "AER news index unchanged since June 11 Kearl plea; no fresh Alberta sulfur release", "summary": "The Alberta Energy Regulator's public news-release index on October 7 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2025 energy-outlook and pipeline-performance releases. For Alberta recovered-sulfur desks the read is regulatory quiet through the holiday week rather than a fresh compliance or production signal. Operators should still watch ST3 statistical files for monthly inventory prints rather than the media-centre feed for forming-plant stocks. Open government regulator page; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261006-02", "published": "2026-10-06", "title": "Oilchem October 1 holiday desk still flags weak post-Golden-Week setup; no October 6 sulfur daily posted", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review and price dailies through September 30, with no October 6 daily, morning note, or midday review posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20261006-04", "published": "2026-10-06", "title": "AER news index unchanged since June 11 Kearl plea; no fresh Alberta sulfur release", "summary": "The Alberta Energy Regulator's public news-release index on October 6 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2025 energy-outlook and pipeline-performance releases. For Alberta recovered-sulfur desks the read is regulatory quiet through the holiday week rather than a fresh compliance or production signal. Operators should still watch ST3 statistical files for monthly inventory prints rather than the media-centre feed for forming-plant stocks. Open government regulator page; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261005-02", "published": "2026-10-05", "title": "Oilchem October 1 holiday desk still flags weak post-Golden-Week setup; no October 5 sulfur daily posted", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review and price dailies through September 30, with no October 5 daily, morning note, or midday review posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20261005-04", "published": "2026-10-05", "title": "AER news index unchanged since June 11 Kearl plea; no fresh Alberta sulfur release", "summary": "The Alberta Energy Regulator's public news-release index on October 5 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2025 energy-outlook and pipeline-performance releases. For Alberta recovered-sulfur desks the read is regulatory quiet through the holiday weekend rather than a fresh compliance or production signal. Operators should still watch ST3 statistical files for monthly inventory prints rather than the media-centre feed for forming-plant stocks. Open government regulator page; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261004-02", "published": "2026-10-04", "title": "Oilchem October 1 holiday desk still flags weak post-Golden-Week setup; no October 4 sulfur daily posted", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review covering 25-30 September, describing soft trading and a modest pullback, with no October 4 daily, morning note, or midday review posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20261004-04", "published": "2026-10-04", "title": "AER news index unchanged since June 11 Kearl plea; no fresh Alberta sulfur release", "summary": "The Alberta Energy Regulator's public news-release index on October 4 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2026 energy-outlook and pipeline-performance releases. For Alberta recovered-sulfur desks the read is regulatory quiet through the holiday weekend rather than a fresh compliance or production signal. Operators should still watch ST3 statistical files for monthly inventory prints rather than the media-centre feed for forming-plant stocks. Open government regulator page; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261003-02", "published": "2026-10-03", "title": "Oilchem October 1 holiday desk still flags weak post-Golden-Week setup; no October 3 sulfur daily posted", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review covering 25-30 September, describing soft trading and a modest pullback, with no October 3 daily, morning note, or midday review posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20261003-04", "published": "2026-10-03", "title": "AER news index unchanged since June 11 Kearl plea; no fresh Alberta sulfur release", "summary": "The Alberta Energy Regulator's public news-release index on October 3 still listed Imperial's June 11, 2026 guilty plea on a Kearl EPEA matter as the newest headline, with no sulfur-specific or sulphur-balance bulletin posted since the June 2026 energy-outlook and pipeline-performance releases. For Alberta recovered-sulfur desks the read is regulatory quiet through the holiday weekend rather than a fresh compliance or production signal. Operators should still watch ST3 statistical files for monthly inventory prints rather than the media-centre feed for forming-plant stocks. Open government regulator page; not a licensed PRA weekly assessment.", "source": "Alberta Energy Regulator", "source_url": "https://www.aer.ca/about-aer/media-centre/news-releases", "data_type": "verified_public", "geography": [ "Alberta", "Canada" ], "topics": [ "regulation", "supply" ] }, { "id": "sw-intel-20261002-03", "published": "2026-10-02", "title": "Oilchem October 1 holiday desk flags weak post-Golden-Week setup; Sep 30 weekly review still last sulfur week note", "summary": "Oilchem's open sulfur hub on October 1 carried a National Day holiday headline arguing Middle East risk remains but Asian spot offers are easing, while domestic output stays steady and downstream demand faces an autumn-fertilizer wind-down before winter stock builds, leaving post-holiday prices biased to weak sideways trade. The freshest sulfur-specific editorial on the page remained the September 30 weekly review covering 25-30 September, describing soft trading and a modest pullback, with no October 2 daily or morning note posted by this run's UTC close. North American desks should treat the piece as demand-context commentary rather than a Vancouver or Alberta inventory signal. Open Chinese trade press headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / 隆众资讯", "source_url": "https://chem.oilchem.net/chemical/sulfur.shtml", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "prices" ] }, { "id": "sw-intel-20260924-03", "published": "2026-09-24", "title": "SMM September 24 sulphuric acid weekly: China smelter acid index 1,247.5 yuan/mt (−7.7% w/w); Shandong sulfur EXW avg 7,508.5 yuan/mt", "summary": "SMM's September 24 sulphuric acid weekly review put China's copper smelting acid index at 1,247.5 yuan per metric tonne, down 103.5 yuan or 7.7 percent week on week from 1,351 yuan, marking a twelfth consecutive weekly pullback as the sub-thousand wave spreads inland. The same survey listed sulfur EXW Shandong at 7,267 to 7,750 yuan per metric tonne, averaging 7,508.5 yuan, up 55 yuan or 0.74 percent week on week. Asian acid FOB South Korea was quoted $280 to $320 per tonne, FOB India $300 to $350, and CFR Indonesia $305 to $325 in the published bands. Open trade press weekly; not a licensed PRA weekly assessment.", "source": "SMM / Shanghai Metals Market", "source_url": "https://news.metal.com/newscontent/104133833-waiting-for-policies-and-winter-stockpiling-the-sub-thousand-wave-spreads-to-central-china-smm-sulphuric-acid-weekly-review", "data_type": "verified_public", "geography": [ "China", "Asia" ], "topics": [ "prices", "demand", "supply" ] }, { "id": "sw-intel-20260921-04", "published": "2026-09-21", "title": "BC Insight September 19 Price Trends: NA FOB steady $1,100–1,200/t as Hormuz ceasefire window clears 1.07 Mt", "summary": "BC Insight Price Trends on September 19 described a global sulphur holding pattern with bearish buyer sentiment against stubbornly high spot levels. A United States–Iran memorandum and 60-day ceasefire window allowed 22 vessels carrying about 1.07 million metric tonnes to depart the Strait of Hormuz, largely pre-sold, while roughly 380,000 tonnes on eight vessels remained inside the Gulf backlog. Brazil's CMOC tender was framed to test the low end near 1,100 to 1,250 dollars per tonne CFR, India bids were cited near a 1,000 dollar CFR ceiling, and Brazilian May through June arrivals were down 45 percent year on year in Wilson Sons data. North American prices were steady at 1,100 to 1,200 dollars per tonne FOB with deals widely expected below 1,200 dollars. Sulphuric acid coverage included Chile delivered averaging 489 dollars per tonne in June versus 498 dollars in May, China's May through December acid export ban, China acid exports January through May at 783,509 tonnes down 57 percent year on year per GTT, and Jiangsu acid rising from 1,900 to 2,450 yuan per tonne from late April to late June. Open trade press summary; not a licensed PRA weekly assessment grid.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/19/price-trends-78/", "data_type": "industry_estimate", "geography": [ "Global", "Canada", "Middle East", "Brazil", "India", "China" ], "topics": [ "prices", "freight", "supply" ] }, { "id": "sw-intel-20260921-05", "published": "2026-09-21", "title": "BC Insight September 19 market update: Harrisson frames deep 2026 deficit as ME exports fall below 1 Mt/mo", "summary": "BC Insight's September 19 sulphur market update by Harrisson argued the market remains in a deep 2026 deficit after Middle East supply accounted for roughly 45 percent of seaborne trade in 2025, with production losses near 2.3 million metric tonnes and monthly exports falling below 1.0 million tonnes per month since March. Prices were described as rising from about 500 dollars per tonne FOB pre-conflict to 1,100 to 1,200 dollars by late June, while phosphate producers including OCP, Mosaic, and Chinese plants cut output. Russia and Kazakhstan rail disruption, more than 0.5 million tonnes loaded but stranded, and more than 1.0 million tonnes of on-land inventory were cited alongside a view that export rates could recover above 1 million tonnes per month in August and September. Open trade press analysis; not a licensed PRA weekly assessment.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/19/sulphur-market-update/", "data_type": "industry_estimate", "geography": [ "Middle East", "Global", "US Gulf" ], "topics": [ "supply", "demand", "prices" ] }, { "id": "sw-intel-20260921-06", "published": "2026-09-21", "title": "Fertilizer Daily September 20 phosphate review: MAP indices flat as East China sulphur slips to 7,150–7,325 yuan", "summary": "Fertilizer Daily Global's September 20 phosphate fertilizer daily review, published September 21, said weaker raw materials and sluggish demand weighed on Chinese phosphate markets. The 55 percent powdered MAP index held at 4,056.25 yuan per tonne unchanged, 55 percent granular MAP was 4,300 yuan, 64 percent granular DAP held 4,563.33 yuan unchanged, and 57 percent DAP fell 1.83 percent to 4,466.36 yuan. Zhenjiang granular sulphur was 7,150 yuan down 50, Dafeng 7,130 yuan down 50, and East China liquid sulphur 7,325 yuan down 70 in the same table. The sulphur cuts align with Longzhong's softer port quotes while BC Insight keeps North American FOB steady at 1,100 to 1,200 dollars per tonne. Open fertilizer trade press; not a licensed PRA weekly assessment.", "source": "Fertilizer Daily Global", "source_url": "https://www.fdd-global.com/article-hot-news/september-20-phosphate-fertilizer-daily-review-weaker-raw-materials-and-sluggish-demand-weigh-on-the-market.html", "data_type": "industry_estimate", "geography": [ "China" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260922-04", "published": "2026-09-21", "title": "Rep. Buchanan September 21 letter urges White House action on sulfur costs; cites Tampa near $1,100–1,200/lt", "summary": "House Ways and Means Vice Chairman Vern Buchanan released a September 21 letter to President Trump and Commerce Secretary Howard Lutnick asking for immediate federal steps on sulfur affordability after production curtailments and more than 200 fertilizer-sector job losses. The release said Tampa sulfur has surged from a ten-year average near 172 dollars per long ton to roughly 1,100 to 1,200 dollars per long ton since May, a nearly 600 percent move in the congressional framing, and listed possible tools including Defense Production Act coordination, refiner outreach, logistics fixes, and allied supply engagement. The read ties Atlantic phosphate economics to the same Hormuz-driven tightness BC Insight and farmdoc daily have described on open trade press, without importing licensed PRA weekly grids. Public congressional release; verified_public.", "source": "Office of Rep. Vern Buchanan (FL-16)", "source_url": "https://buchanan.house.gov/2026/09/21/buchanan-urges-trump-administration-to-take-action-on-sulfur-shortage-threatening-american-fertilizer-production/", "data_type": "verified_public", "geography": [ "United States", "Florida" ], "topics": [ "prices", "demand", "policy" ] }, { "id": "sw-intel-20260920-01", "published": "2026-09-20", "title": "SMM August customs: China sulfur imports 272,323 t, down 65% y/y; Canada listed among top origins", "summary": "Shanghai Metals Market published August 2026 China sulfur and sulphuric acid trade on September 20. Elemental sulfur imports totalled 272,323.414 metric tonnes in physical content, down 29.34 percent month on month and 65.03 percent year on year, with main sources including the UAE, South Korea, Canada, Japan, Kazakhstan, Vietnam, Singapore, and the Philippines. Sulfur exports were 48 metric tonnes, down 96.34 percent month on month. Sulphuric acid imports were 9,938.436 metric tonnes, up 831.85 percent month on month, while acid exports were 2,474.46 metric tonnes, up 153.47 percent month on month but down 99.43 percent year on year as China's unofficial export halt reshapes the traded acid pool. Open customs-derived industry analysis; not a licensed PRA weekly assessment grid.", "source": "Shanghai Metals Market (SMM)", "source_url": "https://news.metal.com/newscontent/104124089-smm-analysis-china-sulphur-and-sulphuric-acid-import-and-export-data-for-august", "data_type": "industry_estimate", "geography": [ "China", "Canada", "Global" ], "topics": [ "trade", "demand" ] }, { "id": "sw-intel-20260919-04", "published": "2026-09-19", "title": "BC Insight September 18 outlook: global sulphur flat to soft as phosphate curtailments outweigh Hormuz backlog", "summary": "BC Insight's September 18 market outlook classified the global sulphur market as flat to soft near term, with most benchmarks unchanged and Mediterranean plus Chinese port markets softer on thin spot liquidity and cautious buying. Weak phosphate economics were cited across Brazil, China, and Indonesian nickel demand, while Middle East export disruption with substantial Hormuz delays was not translating into broad gains because import buyers were hand-to-mouth or cutting runs. The note said near-term upside may need China's seasonal phosphate buying while added Kazakhstan supply could ease tightness, and maintained downward pressure while buyers delay rather than pay current levels. Open trade press outlook; not a licensed PRA weekly assessment.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/18/market-outlook-82/", "data_type": "industry_estimate", "geography": [ "Global", "China", "Brazil", "Middle East" ], "topics": [ "prices", "demand", "supply" ] }, { "id": "sw-intel-20260919-05", "published": "2026-09-19", "title": "BC Insight: China's sulphuric acid export halt removes about 2.8 Mt from 2026 traded acid pool", "summary": "BC Insight's September 18 acid trade insight said Chinese authorities unofficially suspended sulphuric acid exports from May through year-end 2026 to preserve domestic supply amid the global sulphur shortage, removing an estimated 2.8 million metric tonnes from the traded acid market in 2026 with no single origin able to replace the volume. Importers responded by cutting requirements, easing prices from May record highs while levels stayed historically elevated. Indonesian buyers were described as active in spot acid as nickel operations sought alternative feedstock when smelter sulphuric acid supply lagged expectations. The piece linked acid tightness back to elemental sulphur scarcity and slower fourth-quarter sulphur flow normalization if Middle East conflict persists. Open trade press analysis; not a licensed PRA weekly assessment.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/18/china-export-halt-reshapes-acid-trade-in-2026/", "data_type": "industry_estimate", "geography": [ "China", "Indonesia", "Global" ], "topics": [ "supply", "demand", "regulation" ] }, { "id": "sw-intel-20260918-03", "published": "2026-09-18", "title": "SMM sulphuric acid weekly review: China smelting acid index 1,351 yuan/mt as Shandong sulphur EXW falls 7.2% wow", "summary": "Shanghai Metals Market's sulphuric acid weekly review for the week ending September 18 put China's copper smelting acid index at 1,351 yuan per metric tonne, down 67 yuan or 4.7 percent versus the prior Friday close of 1,418 yuan. The week opened with a 43 yuan drop on September 15 before flat to slight adjustments. Shandong elemental sulphur EXW was quoted at 7,257 to 7,650 yuan per tonne, averaging 7,453.5 yuan, down 575 yuan or 7.2 percent week on week. Middle East FOB sulphur averaged 855 dollars per tonne flat; CIF Indonesia averaged 1,005 dollars per tonne, down 20 dollars, and CFR India was cut 25 dollars to an average near 1,050 dollars per tonne from 1,075 dollars. Asia acid FOB Korea averaged 300 dollars, FOB India 325 dollars, and CFR Indonesia 315 dollars. Shanxi smelting acid fell a further 330 yuan per tonne on September 15 while MAP and DAP margins stayed inverted and autumn fertilizer procurement lagged. Open industry weekly review; not a licensed PRA weekly assessment grid.", "source": "Shanghai Metals Market (SMM)", "source_url": "https://news.metal.com/newscontent/104122023-chinas-sulphuric-acid-weekly-decline-narrowed-significantly-with-shanxi-falling-by-a-further-330-yuanmt-smm-sulphuric-acid-weekly-review", "data_type": "industry_estimate", "geography": [ "China", "Middle East", "India", "Indonesia" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260918-04", "published": "2026-09-18", "title": "UkrAgroConsult flags US sulfur shortage as Tampa delivered stays above $1,100/t and Mosaic curtailments deepen", "summary": "Fertilizer Daily via UkrAgroConsult on September 18 reported that a US sulfur shortage is threatening higher phosphate fertilizer prices. Florida lawmakers were cited on supply stress while Tampa delivered sulfur has traded above 1,100 dollars per tonne since May 2026 versus a prior-decade average near 172 dollars per long ton in the same chain. Mosaic was reported running plants at roughly 50 percent rates in Florida and Louisiana, with about four tonnes of sulfur required per ten tonnes of DAP or MAP output. The Atlantic demand destruction story parallels SMM's inverted MAP and DAP margins in China and BC Insight's flat-to-soft near-term sulphur outlook published the same day. Open fertilizer trade press; not a licensed PRA weekly assessment.", "source": "Fertilizer Daily / UkrAgroConsult", "source_url": "https://ukragroconsult.com/en/news/sulfur-shortage-threatens-to-push-us-phosphate-fertilizer-prices-higher/", "data_type": "industry_estimate", "geography": [ "US Gulf", "Florida" ], "topics": [ "prices", "demand", "supply" ] }, { "id": "sw-intel-20260918-05", "published": "2026-09-18", "title": "BC Insight September 18 firms Vancouver FOB to $1,100–1,200/t on Southern Africa sale as ME spot hits three-month low", "summary": "BC Insight Price Trends on September 18 reported Vancouver FOB sulphur firmed 50 dollars per tonne at the upper end to a 1,100 to 1,200 dollars per tonne band on a confirmed Southern Africa sale. Middle East spot was quoted at 865 to 900 dollars per tonne FOB, described as a three-month low, while Hormuz congestion left roughly 400,000 tonnes loaded backlog rising toward 600,000 tonnes on thirteen vessels waiting. China imported 385,403 tonnes in July, up 162 percent month on month but down 65 percent year on year; January through July imports totalled 2.65 million tonnes, down 59 percent year on year. Chinese port stocks were about 947,000 tonnes in late August and the domestic weekly average fell from a record 9,875 yuan per tonne on 11 June to 7,625 yuan in late August. Open trade press summary; not a licensed PRA weekly assessment grid.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/18/price-trends-80/", "data_type": "industry_estimate", "geography": [ "Canada", "China", "Middle East", "Global" ], "topics": [ "prices", "exports", "freight" ] }, { "id": "sw-intel-20260917-03", "published": "2026-09-17", "title": "SunSirs week of September 15 puts China import sulfur CFR at 525–1,050 with granular 1,000–1,050", "summary": "SunSirs' international sulfur review for the week of September 15 put China import sulfur CFR in a 525 to 1,050 dollars per tonne band, with granular grades at 1,000 to 1,050 dollars per tonne. The wide range captures both distressed origins and premium formed product in the same import window while Middle East contract postings such as QatarEnergy's September 880 dollars per tonne FOB sit far below landed parity once Hormuz-route freight and insurance are included. SunSirs reiterated that theoretical CFR southern China landed costs can exceed 1,070 dollars per tonne on risk premiums even when FOB postings ease. For Alberta forming plants and the Vancouver stem, granular import prints near 1,000 dollars per tonne support Pacific netbacks even as domestic Chinese benchmarks correct. Open market reporting; not a licensed PRA weekly assessment.", "source": "SunSirs", "source_url": "https://www.sunsirs.com/uk/detail_news-36129.html", "data_type": "industry_estimate", "geography": [ "China", "Middle East" ], "topics": [ "prices", "exports" ] }, { "id": "sw-intel-20260917-04", "published": "2026-09-17", "title": "BC Insight September 15 flags flat global sulphur, Hormuz backlog near 450 kt, China ports at 884 kt", "summary": "BC Insight's 15 September market insight described global sulphur prices as broadly flat on the week while highlighting persistent Hormuz congestion. The note cited Kpler data estimating roughly 450,000 tonnes of sulfur waiting to transit the strait, a backlog figure consistent with single-digit daily commodity vessel counts reported by Reuters through mid-September. Chinese port inventories were put at about 884,000 tonnes, described as an eleven-week high, while Indian import offers were quoted in a 1,050 to 1,100 dollars per tonne CFR band. The combination of flat headline prices, rising Chinese stocks, and double-digit India CFR offers is the same split SunSirs documented in import CFR ranges for granular product near 1,000 dollars per tonne. Open trade press summary; not a licensed PRA weekly assessment.", "source": "BC Insight / CRU Group", "source_url": "https://www.bcinsight.crugroup.com/2026/09/15/market-insight-41/", "data_type": "industry_estimate", "geography": [ "Global", "China", "India", "Middle East" ], "topics": [ "prices", "freight", "supply" ] }, { "id": "sw-intel-20260916-01", "published": "2026-09-16", "title": "Hormuz transits hold at four on Tuesday as 10-day average slips to 18 vessels", "summary": "Reuters reported September 16 that preliminary shipping data showed commodity vessel transits through the Strait of Hormuz remained in the single digits at four on Tuesday, down from seven on Monday and well below a 10-day average of 18. Of the four, two ships exited and two entered. No very large crude carriers or liquefied natural gas tankers were involved. One very large gas carrier, Salute, carrying around 470,000 barrels of liquefied petroleum gas exited via the Iranian route, while Panamax-sized tanker Nautilus, carrying around 510,000 barrels of naphtha, exited via an unknown dark route. The two inbound vessels were both laden, one a short-range dirty products tanker and the other a dry bulk carrier, both entering via the Iranian route. Some ships may have crossed with automatic identification system transponders off and are therefore not counted. Bab el-Mandeb commodity traffic was 22 vessels on Tuesday, little changed from 24 on Monday. Open freight reporting only; not a licensed PRA weekly assessment.", "source": "Reuters", "source_url": "https://www.reuters.com/world/middle-east/strait-hormuz-ship-crossings-remain-single-digits-data-shows-2026-09-16/", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "freight", "supply" ] }, { "id": "sw-intel-20260915-01", "published": "2026-09-15", "title": "Hormuz commodity transits fall to four on Monday as Middle East attacks intensify", "summary": "Baird Maritime and Reuters reported September 15 that preliminary Kpler data showed commodity vessel transits through the Strait of Hormuz totalled four on Monday, down from 10 on Sunday. Two dry bulk carriers exited the waterway, including one laden and one ballast vessel, while two oil tankers entered in ballast. The figures exclude vessels that may have crossed with automatic identification system transponders turned off. Iranian news agency Fars claimed Monday, citing the Islamic Revolutionary Guard Corps, that an oil tanker exploded and caught fire after colliding with mines in the Strait of Hormuz without specifying when the incident occurred. Persian Gulf Arab states also postponed planned talks with Iran on possible Hormuz arrangements. In Bab el-Mandeb, 21 commodity vessels transited Monday, down from 28 the prior day. Before the February 28 conflict the strait typically handled about 125 large commercial vessels per day. Open freight reporting only; not a licensed PRA weekly assessment.", "source": "Baird Maritime / Reuters / Kpler", "source_url": "https://www.bairdmaritime.com/shipping/hormuz-traffic-dwindles-after-middle-east-attacks-intensify", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "freight", "supply" ] }, { "id": "sw-intel-20260915-02", "published": "2026-09-15", "title": "Washington and Tehran dispute EL GAIA tanker account as Oman tows burned hull off Musandam", "summary": "Iran International reported September 15 that Washington and Tehran offered sharply different accounts of the Panama-flagged tanker EL GAIA off Oman. The IRGC Navy said the tanker struck a naval mine while attempting to pass through what it called a restricted route south of the Strait of Hormuz, causing an explosion and major fire, and repeated that Hormuz remained closed under its smart control. US Central Command rejected that account, saying EL GAIA had been struck by an Iranian missile last month and rendered inoperable before Iran hit it again with a drone over the weekend while it sat off Oman. CENTCOM said the vessel was being towed by a regional partner and called the IRGC account false. Oman's Maritime Security Center said the tanker was being towed to port after catching fire following an earlier attack about 1.3 nautical miles northeast of Musandam governorate. An Omani naval vessel evacuated 23 crew members and arranged medical care while searches continued for two missing people. Open maritime security reporting only; not a licensed PRA weekly assessment.", "source": "Iran International / CENTCOM / Oman MSC", "source_url": "https://www.iranintl.com/en/202609156084", "data_type": "verified_public", "geography": [ "Middle East", "Oman" ], "topics": [ "freight", "geopolitics" ] }, { "id": "sw-intel-20260914-01", "published": "2026-09-14", "title": "Salalah Hormuz corridor summit postponed as Saudi Arabia objects to Iran-Oman deal", "summary": "Foreign ministers from Iran, Iraq, and Gulf Cooperation Council members minus Bahrain were scheduled to meet Monday in Salalah, Oman, to review temporary entry and exit routes for commercial vessels in the Strait of Hormuz. Oman Foreign Minister Badr Albusaidi said late Sunday the meeting was postponed in the interests of consensus. Iran's foreign ministry blamed Saudi objection; Axios and CNN reported Riyadh submitted amendments because the emerging Iran-Oman wording could establish an unacceptable new status quo for Hormuz. Iran spokesman Esmaeil Baghaei said Tehran will continue pursuing the bilateral agreement with Oman finalized last month and decide with Muscat how to announce or register it. The proposed inbound corridor runs through Iranian waters while the outbound route mostly passes through Omani waters, with voluntary tolls reportedly under discussion. Tehran repeated the arrangement would not mean the strait has reopened. Bahrain refused participation, calling the forum appeasement. The setback follows Saudi Arabia's precautionary shutdown of the East-West oil pipeline after drone strikes and weekend vessel attacks off Qeshm Island. Open freight and policy reporting only; not a licensed PRA weekly assessment.", "source": "Al Jazeera / France 24 / Oman MFA", "source_url": "https://www.aljazeera.com/news-analysis/2026/9/14/temporary-hormuz-solution-deferred-as-iran-arab-summit-falls-through", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "freight", "geopolitics", "supply" ] }, { "id": "sw-intel-20260914-02", "published": "2026-09-14", "title": "Hormuz commodity transits fall to single digits per day over weekend, Reuters data show", "summary": "Reuters reported September 14 that preliminary shiptracking data showed commodity vessel transits through the Strait of Hormuz fell to a single digit per day at the weekend, well below a 10-day average of 14. Over the weekend four vessels exited the Gulf through the strait, including a Handysize in ballast, a Handy carrying LPG, a Supramax carrying fertilizer, and a Suezmax laden with crude or condensate. Ten vessels entered, including bulk carriers carrying grain, metals, and dry bulk cargo. The figures exclude vessels that may have crossed with automatic identification system transponders off. UKMTO reported early Sunday that a vessel was struck by an unknown projectile while transiting Hormuz. Before the February 28 conflict the strait typically handled about 125 large commercial vessels per day. Fertilizer Daily cited the WTO-AXSMarine Hormuz trade tracker showing fertilizer and sulfur flows remain near zero despite the Iran-Oman safe-route memorandum. Open freight reporting only; not a licensed PRA weekly assessment.", "source": "Reuters / UKMTO / Fertilizer Daily", "source_url": "https://www.reuters.com/business/hormuz-shipping-traffic-remains-below-10-day-average-weekend-data-shows-2026-09-14/", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "freight", "supply" ] }, { "id": "sw-intel-20260913-01", "published": "2026-09-13", "title": "Hormuz vessel strike and Saudi pipeline shutdown deepen sulfur freight crisis ahead of Oman talks", "summary": "Reuters and UKMTO reported September 13 that a projectile struck a vessel transiting the Strait of Hormuz, causing a fire and crew evacuation. Iran said one person was killed and four wounded aboard an Iranian commercial ship struck off Qeshm Island. The attack came one day before a regional meeting in Oman on September 14 where Iran plans to present a proposed maritime corridor with Oman. Foreign Minister Abbas Araghchi told Al-Araby Al-Jadeed the agreement with Oman does not mean reopening the Strait of Hormuz, and Tehran would reopen the waterway only if Washington returns to commitments under the Islamabad memorandum. Saudi Arabia shut its 1,200-kilometre East-West pipeline as a precaution after drone strikes on September 12; the route had been moving about 4 million to 5 million barrels per day as the main bypass for Middle East oil while Hormuz traffic stayed impaired. Traders told Reuters Yanbu storage could sustain Red Sea exports for five to seven days if the pipeline remains offline, after which as much as 4 percent of global oil supply could be at risk on top of Hormuz disruption. BC Insight and TFI accounts put roughly 45 to 50 percent of globally traded sulfur normally transiting Hormuz, with commercial sulfur cargoes near zero since the February conflict. Open freight and policy reporting only; not a licensed PRA weekly assessment.", "source": "Reuters / UKMTO / Al-Monitor", "source_url": "https://www.al-monitor.com/originals/2026/09/new-report-attack-strait-hormuz-shipping-fans-fears-threats-oil-supplies", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "freight", "supply", "geopolitics" ] }, { "id": "sw-intel-20260913-03", "published": "2026-09-13", "title": "US expands Section 338 tariff scope on Canadian goods effective September 15; sulfur still off lists", "summary": "SMM reported September 12 that the US-Canada tariff exchange escalated again: Canada imposed retaliatory tariffs on approximately 20 billion dollars of US goods, and Washington responded with a 50 percent tariff on about 100 additional Canadian product categories effective September 15, plus import prohibitions on certain Canadian motor vehicles and dairy products from September 29. Open trade counsel from Osler and World Trade Scanner puts the September 15 modification at 122 newly covered HTSUS classifications under headings 9903.03.12 and 9903.03.14, with 11 classifications removed, while the base 50 percent Section 338 rate on goods already in scope since August 22 continues. Fertilizer Daily and prior USTR disclosures keep elemental sulfur, HS 2503, sulfuric acid, potash, energy, and critical minerals off the covered lists. Canada remains the dominant US import source for recovered sulfur per USGS import tables, so Alberta forming plants and the Vancouver stem watch list text even as the broader trade fight widens. Open trade context only; not a licensed PRA weekly assessment.", "source": "SMM / Osler / World Trade Scanner", "source_url": "https://news.metal.com/newscontent/104111554-us-canada-tariff-war-escalates-retaliatory-measures-and-bans-on-goods-imposed", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "trade", "exports" ] }, { "id": "sw-intel-20260911-01", "published": "2026-09-11", "title": "SMM maps China sulfur-acid divergence as Shandong EXW averages 8,028.5 yuan while copper smelting acid index falls 7.9 percent", "summary": "SMM's September 11 sulphuric acid weekly review said the domestic acid market weakened further through the week ended Friday. The SMM China copper smelting acid index printed 1,418 yuan per tonne, down 121.5 yuan from the prior Friday level of 1,539.5 yuan, a weekly decline of 7.9 percent and the largest weekly drop of the year after ten consecutive sessions of weakness including a 66.5 yuan single-day cut on Friday. Regional cuts were led by Daye Nonferrous in Hubei, which lowered quotations by 85 yuan on September 5 and another 200 yuan on September 11 for a cumulative 285 yuan reduction over two rounds, prompting surrounding Yangtze producers such as Tongling in Anhui to adjust. East China smelting acid averaged 1,380 to 1,480 yuan in Jiangxi, down 140 yuan week over week, while fertilizer-linked demand in Anhui sat at 1,120 to 1,170 yuan. In the same review SMM flagged a domestic sulfur divergence: sulphur EXW Shandong on September 11 was quoted at 7,657 to 8,400 yuan per tonne with an average of 8,028.5 yuan, up 53.5 yuan from the prior Friday for a roughly 0.7 percent weekly gain and a second consecutive week of V-shaped recovery. SMM said upstream sulfur stabilized and rebounded but failed to transmit into acid, indicating acid prices are driven by weak supply-demand fundamentals rather than sulfur cost pass-through. Asian export acid also softened, with FOB South Korea at 280 to 320 dollars per tonne averaging 310 dollars, down 10 dollars week over week, and FOB India at 300 to 350 dollars, down 15.5 dollars. Open market reporting citing public SMM indices and regional quotations; not a licensed PRA weekly assessment.", "source": "SMM (Shanghai Metals Market)", "source_url": "https://news.metal.com/newscontent/104110939-china-sulphuric-acid-index-falls-for-10-consecutive-sessions-posting-the-largest-weekly-decline-of-the-year-daye-takes-the-lead-in-launching-the-second-sharp-cut-in-september-smm-sulphuric-acid-weekly-review", "data_type": "verified_public", "geography": [ "China", "Asia" ], "topics": [ "prices", "supply", "demand" ] }, { "id": "sw-intel-20260911-02", "published": "2026-09-11", "title": "Shengyishe benchmark edges up 0.30 percent to 8,289.25 yuan as September correction holds", "summary": "Shengyishe's September 11 national sulfur benchmark printed 8,289.25 yuan per tonne, up 25.00 yuan or 0.30 percent from the September 10 level of 8,264.25 yuan and down 0.72 percent from the September 1 month-start print of 8,349.00 yuan. The platform's trailing-year statistics put the session in the mid-high band on a one-year horizon, with a minimum of 2,627.67 yuan, a maximum of 11,084.33 yuan, and a median of 6,856 yuan. The modest daily gain follows September 10's 1.69 percent rebound and keeps the national index below the September 7 peak at 8,639 yuan, so the early-September correction is pausing rather than reversing. Shengyishe flagged a three-year overbought alert on the annual chart. Open market reporting citing public benchmarks; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/news/detail-20260911-6201459.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260911-04", "published": "2026-09-11", "title": "Dongming Petrochemical lists liquid sulfur at 8,000 yuan and solid at 8,500 yuan on September 11", "summary": "China Petroleum and Chemical Industry Federation portal Chemall published September 11 domestic refinery sulfur reference quotes showing Dongming Petrochemical liquid sulfur at 8,000 yuan per tonne and solid sulfur at 8,500 yuan per tonne. The 500 yuan solid premium over liquid is consistent with forming and handling costs at Shandong coastal refineries that have been steady in open PriceSeek and SunSirs accounts through early September. Dongming's liquid quote sits roughly 290 yuan below Shengyishe's September 11 national benchmark at 8,289.25 yuan, while the solid quote is roughly 210 yuan above it, reflecting the regional split between refinery gate and formed-product markets. Open domestic refinery price table; not a licensed PRA weekly assessment.", "source": "Chemall / 中国石油和化工网", "source_url": "https://www.chemall.com.cn/news/show-261528.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "prices", "supply" ] }, { "id": "sw-intel-20260910-02", "published": "2026-09-10", "title": "Prismane puts US DAP at 939 dollars and MAP at 1,087 dollars as September retail averages step above August farmdoc prints", "summary": "Prismane Consulting's September 9 analysis of sulfur above 1,000 dollars per tonne and phosphate fertilizer economics cited reported US fertilizer averages as of September 9, 2026, at approximately 939 dollars per tonne for DAP, 1,087 dollars per tonne for MAP, 548 dollars per tonne for UAN 28 percent, and 708 dollars per tonne for UAN 32 percent. The piece restates University of Illinois farmdoc analysis that Corn Belt DAP rose from around 700 dollars per tonne early in 2026 to approximately 850 dollars per tonne by August while sulfur moved above 1,000 dollars per tonne, with a 0.70 correlation between DAP and Vancouver sulfur prices since 2024. Global benchmarks in the same account put early September Indian DAP at approximately 900 to 920 dollars per tonne CFR and Brazilian MAP at approximately 830 to 850 dollars per tonne CFR, still well above beginning-of-2026 Indian DAP near 668 to 669 dollars CFR. At a sulfur price of 1,000 dollars per tonne, the sulfur requirement alone represents approximately 400 dollars per tonne of DAP before phosphate rock, ammonia, energy, and logistics. Open consulting analysis citing public fertilizer averages; not a licensed PRA weekly assessment.", "source": "Prismane Consulting", "source_url": "https://prismaneconsulting.com/blog-details/sulfur-prices-surge-above-1000t-what-it-means-for-global-phosphate-fertilizer-economics", "data_type": "industry_estimate", "geography": [ "United States", "India", "Brazil" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260910-03", "published": "2026-09-10", "title": "Shengyishe benchmark rebounds 1.69 percent to 8,264.25 yuan after September correction pause", "summary": "Shengyishe's September 10 sulfur benchmark printed 8,264.25 yuan per tonne, up 137.50 yuan or 1.69 percent from the September 9 level of 8,126.75 yuan and down 1.02 percent from the September 1 month-start print of 8,349.00 yuan. The platform's trailing-year statistics put the session in the mid-high band on a one-year horizon, with a minimum of 2,627.67 yuan, a maximum of 11,084.33 yuan, and a median of 6,856 yuan. The modest daily bounce follows five consecutive sessions of decline from the September 7 peak at 8,639 yuan and interrupts the corrective path that saw a 5.06 percent one-day drop on September 8. Open market reporting citing public benchmarks; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/news/detail-20260910-6195485.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260909-01", "published": "2026-09-09", "title": "Shengyishe benchmark slips 0.91 percent to 8,126.75 yuan as September correction extends", "summary": "Shengyishe's September 9 sulfur benchmark printed 8,126.75 yuan per tonne, down 75.00 yuan or 0.91 percent from the September 8 level of 8,201.75 yuan and down 2.66 percent from the September 1 month-start print of 8,349.00 yuan. The platform's trailing-year statistics put the session in the mid-high band on a one-year horizon, with a minimum of 2,627.67 yuan, a maximum of 11,084.33 yuan, and a median of 6,856 yuan. The modest daily move follows September 8's 5.06 percent one-day drop and keeps the national index on a corrective path after the early-September bounce peaked at 8,639 yuan on September 7. Open market reporting citing public benchmarks; not a licensed PRA weekly assessment.", "source": "Shengyishe / 生意社", "source_url": "https://www.100ppi.com/news/detail-20260909-6189593.html", "data_type": "verified_public", "geography": [ "China" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260909-03", "published": "2026-09-09", "title": "Canada July sulfur exports 444,100 mt as SMM maps US, Indonesia, and Australia as top lanes", "summary": "Shanghai Metals Market's September 8 trade review put Canada's July 2026 monthly sulfur exports at 444,100 metric tonnes, down 15.76 percent month on month and up 46.28 percent year on year, at an average price of 1,181 dollars per metric tonne. Major destinations were the United States at 172,200 tonnes, Indonesia at 75,200 tonnes, Australia at 66,000 tonnes, Morocco at 51,400 tonnes, China at 33,000 tonnes, and Papua New Guinea at 32,500 tonnes. Monthly sulfur imports totalled 881 tonnes, down 17.91 percent month on month. Sulphuric acid exports were 159,800 tonnes at an average 217 dollars per tonne, overwhelmingly to the United States. For Alberta and British Columbia recovery tonnes, the July print confirms Pacific and cross-border nomination breadth even as Middle East seaborne stays impaired. Open trade data citing public customs aggregates; not a licensed PRA weekly assessment.", "source": "Shanghai Metals Market (SMM)", "source_url": "https://news.metal.com/newscontent/104103725-smm-analysis-canada-sulphur-and-sulphuric-acid-import-and-export-data-for-july", "data_type": "verified_public", "geography": [ "Canada", "United States", "Indonesia", "Australia", "China" ], "topics": [ "exports", "trade" ] }, { "id": "sw-intel-20260909-04", "published": "2026-09-09", "title": "QatarEnergy September contract at 880 dollars FOB holds as SunSirs keeps CFR China above 1,070", "summary": "SunSirs' September 8 international sulfur review reiterated the structural split that has dominated late-summer trade: Middle Eastern contract postings edged lower while landed import costs stayed elevated. QatarEnergy's September 2026 monthly sulfur contract remains at 880 dollars per tonne FOB, down 10 dollars from August's 890 dollars per tonne. SunSirs said theoretical CFR southern China landed cost, based on Kuwait's August contract price of 865 dollars FOB plus high freight and Hormuz-route insurance surcharges, peaked above 1,070 dollars per tonne. Refinery capacity in key exporting nations is reduced by roughly 30 percent, spot liquidity has dried up with prices but few trades, and roughly 45 percent of global seaborne sulfur trade normally passes through Hormuz. Shengyishe's September 9 national benchmark at 8,126.75 yuan shows domestic Chinese prices still correcting even as import-cost math stays four-digit. For the Vancouver stem, Gulf FOB cuts do not translate into lower Pacific nominations when freight and insurance dominate delivered economics. Open market reporting citing public contract and analysis; not a licensed PRA weekly assessment.", "source": "SunSirs", "source_url": "https://www.sunsirs.com/uk/detail_news-35936.html", "data_type": "industry_estimate", "geography": [ "Qatar", "Middle East", "China" ], "topics": [ "prices", "exports" ] }, { "id": "sw-intel-20260908-02", "published": "2026-09-08", "title": "Ottawa counter-tariffs take effect with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties entered force at 12:01 a.m. September 8. The US 50 percent additional tariff on selected Canadian goods entered its eighteenth day on September 8. Finance Canada's August 25 announcement and August 26 revised counter-tariff table keep elemental sulfur, HS 2503, off the roughly C$27.6 billion US-origin import list at 15, 25, or 50 percent rates. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260908-04", "published": "2026-09-08", "title": "QatarEnergy sets September sulfur contract at 880 dollars FOB as SunSirs flags falling postings but rising landed costs", "summary": "SunSirs' September 8 international sulfur review said QatarEnergy announced its September 2026 monthly sulfur contract at 880 dollars per tonne FOB, down 10 dollars from the August price of 890 dollars per tonne, reflecting Middle Eastern exporters' intent to ease purchasing pressure on downstream buyers through minor price adjustments. Actual landed costs remain elevated: based on Kuwait's August contract price of 865 dollars FOB and factoring high freight rates plus Hormuz-route insurance surcharges, SunSirs put theoretical CFR southern China landed cost above 1,070 dollars per tonne, with geopolitical risk the primary driver of procurement cost rather than nominal FOB postings. The report said refinery capacity in key exporting nations is reduced by roughly 30 percent, spot market liquidity has dried up with prices but no trades, and roughly 45 percent of global seaborne sulfur trade normally passes through Hormuz. Downstream, DAP in the U.S. Corn Belt rebounded to around 850 dollars per ton while overseas phosphate producers keep operating loads low. SunSirs warned the global sulfur shortage could persist until 2027. For Alberta and the Vancouver stem, Gulf contract cuts do not translate into lower Pacific FOB when freight and insurance dominate delivered math. Open market reporting citing public contract and analysis; not a licensed PRA weekly assessment.", "source": "SunSirs", "source_url": "https://www.sunsirs.com/uk/detail_news-35936.html", "data_type": "industry_estimate", "geography": [ "Qatar", "Middle East", "China" ], "topics": [ "prices", "exports" ] }, { "id": "sw-intel-20260907-02", "published": "2026-09-07", "title": "Ottawa counter-tariffs one day out with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties remains scheduled for 12:01 a.m. September 8, one calendar day from September 7. The US 50 percent additional tariff on selected Canadian goods entered its seventeenth day on September 7. Finance Canada's August 25 announcement and August 26 revised counter-tariff table keep elemental sulfur, HS 2503, off the roughly C$27.6 billion US-origin import list at 15, 25, or 50 percent rates. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260906-02", "published": "2026-09-06", "title": "Ottawa counter-tariffs two days out with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties remains scheduled for 12:01 a.m. September 8, two calendar days from September 6. The US 50 percent additional tariff on selected Canadian goods entered its sixteenth day on September 6. Finance Canada's August 25 announcement and August 26 revised counter-tariff table keep elemental sulfur, HS 2503, off the roughly C$27.6 billion US-origin import list at 15, 25, or 50 percent rates. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260906-04", "published": "2026-09-06", "title": "Farmdoc Daily analysis puts global sulfur above 1,000 dollars and traces path from sub-100 in 2024", "summary": "University of Illinois agricultural economists at Farmdoc Daily, in an analysis summarized by Fertilizer Daily on September 6, said sulfur prices have topped 1,000 dollars per metric ton in global spot markets, fundamentally reshaping phosphate fertilizer economics. The report traces the surge to two supply shocks: ongoing Strait of Hormuz disruption blocking Middle Eastern refinery sulfur exports, and Russia's sulfur export ban removing the world's second-largest traded source. Combined, those disruptions eliminated access to roughly two-thirds of globally traded sulfur. Because sulfuric acid is the primary reagent converting phosphate rock into plant-available phosphoric acid, DAP, and MAP, the cost surge feeds directly into phosphate prices. Farmdoc calculates sulfur alone now accounts for a substantially higher share of DAP production costs, explaining much of the gap between current DAP prices above 820 dollars per metric ton and the 500 to 600 dollar range that prevailed in early 2025. The analysis warns 2027 U.S. farm budgets should anticipate phosphate fertilizer costs at or above current levels, with application-rate cuts likely on lower-margin crops. For Alberta forming plants and the Vancouver stem, four-digit sulfur validates continued Pacific export nominations while Tampa molten at 705 dollars per long ton remains the domestic liquid benchmark. Open market reporting citing public university analysis; not a licensed PRA weekly assessment.", "source": "Farmdoc Daily / Fertilizer Daily", "source_url": "https://www.fertilizerdaily.com/20260906-sulfur-prices-1000-phosphate-fertilizer-farmdoc-2026/", "data_type": "industry_estimate", "geography": [ "United States", "Global" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260905-03", "published": "2026-09-05", "title": "Ottawa counter-tariffs three days out with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties remains scheduled for 12:01 a.m. September 8, three calendar days from September 5. The US 50 percent additional tariff on selected Canadian goods entered its fifteenth day on September 5. Finance Canada's August 25 announcement and August 26 revised counter-tariff table keep elemental sulfur, HS 2503, off the roughly C$27.6 billion US-origin import list at 15, 25, or 50 percent rates. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260905-04", "published": "2026-09-05", "title": "CoBank warns higher fertilizer prices are structural as phosphate capacity forecast drops 13 percent", "summary": "CoBank's Knowledge Exchange division, in an August report summarized by Fertilizer Daily on September 5, said higher fertilizer prices are structural rather than cyclical and growers should plan for an extended period of elevated input costs. The analysis focuses on phosphate markets and warns global phosphate production capacity is forecast to drop 13 percent from pre-crisis levels because damaged infrastructure, prolonged outages, and raw material shortages cannot be resolved quickly. Three reinforcing factors drive the shift: the sulfur supply crisis from Hormuz disruption; Russia's sulfur export ban compounding the shortage; and capacity additions expected in Morocco and Saudi Arabia facing timeline risks and unlikely to fully compensate before 2028 at the earliest. CoBank said phosphate application cutbacks already underway in the United States this fall could extend into 2027 and beyond, with precision nutrient management and soil testing as partial offsets but no commercial-scale substitute for conventional phosphate. For Alberta inventory and the Vancouver stem, a structural phosphate squeeze keeps Pacific sulfur in demand even when Gulf contract postings ease. Open market reporting citing public analysis; not a licensed PRA weekly assessment.", "source": "CoBank / Fertilizer Daily", "source_url": "https://www.fertilizerdaily.com/20260905-cobank-higher-fertilizer-prices-structural-phosphate-2026/", "data_type": "industry_estimate", "geography": [ "United States", "Global" ], "topics": [ "prices", "supply" ] }, { "id": "sw-intel-20260904-02", "published": "2026-09-04", "title": "KPC rolls September sulfur contract unchanged while UAE posts September cut, Oilchem says", "summary": "Oilchem published September 4 headlines that Kuwait Petroleum Corporation kept its September monthly sulfur contract price stable and that the United Arab Emirates lowered its September posting. The Kuwait headline follows August's open industry reporting that KPC set August Kuwait Sulphur Price at 865 dollars per tonne FOB Kuwait, down 85 dollars from July, with delivered China costs elevated by Hormuz-route freight and insurance in the same accounts. Oilchem did not publish the September dollar levels outside its subscription wall, so the desk flags direction only: Gulf producer postings are no longer uniformly rising even as Chinese port prices rebound. For the Vancouver stem, contract stability at one Gulf seller and a cut at another is a nomination signal, not yet a Pacific FOB print. Open market reporting citing public headlines; not a licensed PRA weekly assessment.", "source": "Oilchem / FDD-global", "source_url": "https://www.oilchem.net/26-0904-17-17f2ec34129175e9.html", "data_type": "verified_public", "geography": [ "Kuwait", "United Arab Emirates", "Middle East" ], "topics": [ "prices", "exports" ] }, { "id": "sw-intel-20260904-03", "published": "2026-09-04", "title": "Ottawa counter-tariffs four days out with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties remains scheduled for 12:01 a.m. September 8, four calendar days from September 4. The US 50 percent additional tariff on selected Canadian goods entered its fourteenth day on September 4. Finance Canada's August 25 announcement and August 26 revised counter-tariff table keep elemental sulfur, HS 2503, off the roughly C$27.6 billion US-origin import list at 15, 25, or 50 percent rates. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260904-04", "published": "2026-09-04", "title": "Autumn fertilizer markets split as urea steadies near 409 dollars while sulfur passes 1,000 and phosphate stays tight", "summary": "Fertilizer Daily's September 4 wrap of BINFIELD's August 31 autumn overview said global fertilizer markets enter the season with mixed signals across nitrogen, phosphate, and potash. Urea stabilized near 409 dollars per metric ton FOB on Indian tender activity and hints that Beijing may loosen informal export quotas, though Hormuz disruption still adds a supply-risk premium and Middle Eastern producers remain unable to ship freely through the Persian Gulf. Phosphate faces the tightest fundamentals: sulfur costs have surged past 1,000 dollars per metric ton as Hormuz transit restrictions and Russia's sulfur export ban removed roughly two-thirds of global traded supply, keeping DAP prices elevated with limited downside through year-end in the overview. Potash demand in Southeast Asia and Latin America stayed sluggish as buyers resisted increases and worked inventories ahead of Q4. For Alberta recovered sulfur on the Vancouver stem, the sulfur line in the overview confirms Pacific swing-supplier status while phosphate tightness keeps nomination interest in four-digit import costs. Open market reporting citing public headlines; not a licensed PRA weekly assessment.", "source": "Fertilizer Daily / BINFIELD", "source_url": "https://www.fertilizerdaily.com/20260904-fertilizer-market-autumn-2026-urea-phosphate-potash/", "data_type": "industry_estimate", "geography": [ "Global", "China", "India" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260903-02", "published": "2026-09-03", "title": "StatCan July merchandise trade shows exports down 2.3% with US-bound shipments falling 6.6%", "summary": "Statistics Canada released July 2026 international merchandise trade on September 3. Total exports fell 2.3 percent to $76.1 billion while imports rose 2.2 percent to $75.4 billion, narrowing the merchandise surplus to $769 million from $4.2 billion in June. Exports to the United States dropped 6.6 percent, the largest percentage decline since April 2025, on lower crude oil and gold shipments. Exports to non-US partners reached a record $25.6 billion, up 7.4 percent. Metal and non-metallic mineral products fell 8.5 percent after a 15.8 percent June gain, driven by lower unwrought gold exports rather than the sulphur lift StatCan cited in June. The Daily release does not break out HS 2503 elemental sulfur; June remains the latest month with an explicit sulphur mention in the product-section prose. Open government statistics; not a licensed PRA weekly assessment.", "source": "Statistics Canada", "source_url": "https://www150.statcan.gc.ca/n1/daily-quotidien/260903/dq260903a-eng.htm", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "trade" ] }, { "id": "sw-intel-20260903-03", "published": "2026-09-03", "title": "Ottawa counter-tariffs five days out with HS 2503 still exempt on both borders", "summary": "Canada's dollar-for-dollar retaliation against US Section 338 duties remains scheduled for 12:01 a.m. September 8, five calendar days from September 3. Finance Canada's August 25 and 26 publications keep elemental sulfur, HS 2503, off the counter-tariff table covering roughly C$27.6 billion of US imports at 15, 25, or 50 percent rates. The US 50 percent additional tariff on selected Canadian goods entered its thirteenth day on September 3. Goods already in transit to Canada on the effective date are exempt. Canada's customs tariff continues to list heading 2503.00.00 at free. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260901-02", "published": "2026-09-01", "title": "Canada June sulfur exports 527,305 mt with Indonesia and US leading destinations", "summary": "Shanghai Metals Market's public June 2026 trade account put Canadian elemental sulfur exports at 527,305 metric tonnes, down 15.43 percent month on month and 8.62 percent year on year. Indonesia took 198,612 tonnes, the United States 158,031 tonnes, Chile 54,672 tonnes, Guinea 41,272 tonnes, and China 32,730 tonnes among the listed destinations. Canadian sulfur imports were 1,035 tonnes, mostly from the United States. The same SMM release showed sulfuric acid exports at 123,140 tonnes, up 101 percent month on month, with the United States the main destination. The June print is the latest open customs-style breakdown available for Alberta and British Columbia recovery tonnes clearing Pacific and cross-border channels. Open trade data from SMM public article; not a licensed PRA weekly assessment.", "source": "Shanghai Metals Market", "source_url": "https://news.metal.com/newscontent/104072967-smm-analysis-canada-sulphur-and-sulphuric-acid-import-and-export-data-for-june", "data_type": "verified_public", "geography": [ "Canada", "Indonesia", "United States" ], "topics": [ "exports", "trade" ] }, { "id": "sw-intel-20260901-03", "published": "2026-09-01", "title": "Section 338 duties enter eleventh day; Ottawa countermeasures seven days out with HS 2503 still exempt", "summary": "The US 50 percent additional tariff on selected Canadian goods remained in force on September 1, the eleventh calendar day after the August 22 effective time, with Ottawa's dollar-for-dollar retaliation now seven days away on September 8. Finance Canada's August 25 and 26 publications keep elemental sulfur, HS 2503, off the counter-tariff table covering roughly C$27.6 billion of US imports at 15, 25, or 50 percent rates. Canada's August 25 announcement confirmed counter-tariffs on steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with rates matching corresponding US Section 338 and Section 232 lines. Goods already in transit to Canada on the effective date are exempt. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada / CNW", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260831-02", "published": "2026-08-31", "title": "Russia's FAS proposes mandatory registration of over-the-counter sulfur contracts", "summary": "Russia's Federal Antimonopoly Service proposed registering over-the-counter contracts for elemental sulfur, according to AK&M on August 31 citing the FAS website. Hydrochloric acid and sulfuric acid would be added to the same registration list. FAS said the change would help form price indicators to support market pricing and prevent antimonopoly violations. The proposal lands while Russia's sulfur export ban and CIS logistics constraints have kept a large traded supply offline through 2026, reshaping Pacific and Gulf competition for Canadian and US recovered tonnes. Open regulatory reporting; not a licensed PRA weekly assessment.", "source": "AK&M / Federal Antimonopoly Service", "source_url": "https://www.akm.ru/eng/news/the-federal-antimonopoly-service-has-proposed-registering-over-the-counter-contracts-for-sulfur/", "data_type": "verified_public", "geography": [ "Russia" ], "topics": [ "policy", "exports" ] }, { "id": "sw-intel-20260831-03", "published": "2026-08-31", "title": "Section 338 duties enter tenth day; Ottawa countermeasures eight days out with HS 2503 still exempt", "summary": "The US 50 percent additional tariff on selected Canadian goods remained in force on August 31, the tenth calendar day after the August 22 effective time, with Ottawa's dollar-for-dollar retaliation now eight days away on September 8. Finance Canada's August 25 and 26 publications keep elemental sulfur, HS 2503, off the counter-tariff table covering roughly C$27.6 billion of US imports at 15, 25, or 50 percent rates. Gowling WLG's August 26 counsel note describes a revised list of 629 tariff items after fish and seafood were removed, while steel, dairy, appliances, pulp and paper, and electronics remain in scope. Goods already in transit to Canada on the effective date are exempt. CBP CSMS 69606660 from August 21 continues to govern Section 338 entries filed on or after August 22. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada / Gowling WLG (open reporting)", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260830-03", "published": "2026-08-30", "title": "Section 338 duties enter ninth day; Ottawa countermeasures nine days out with HS 2503 still exempt", "summary": "The US 50% additional tariff on selected Canadian goods remained in force on August 30, the ninth calendar day after the August 22 effective time, with Ottawa's dollar-for-dollar retaliation now nine days away on September 8. Finance Canada's August 25 and 26 publications keep elemental sulfur, HS 2503, off the 874-item counter-tariff table covering roughly C$27.6 billion of US imports at 15%, 25%, or 50% rates. Open trade reporting from Blakes and FreightFigures notes goods already in transit to Canada on the effective date are exempt, a screening detail for importers ahead of the September calendar. CBP CSMS 69606660 from August 21 continues to govern Section 338 entries filed on or after August 22. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada / CBP (open reporting)", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260829-03", "published": "2026-08-29", "title": "Section 338 Canada tariffs enter eighth day; Ottawa retaliation ten days out with HS 2503 still exempt", "summary": "The US 50% additional tariff on selected Canadian goods remained in force on August 29, the eighth calendar day after the August 22 effective time, with Ottawa's dollar-for-dollar retaliation now ten days away on September 8. Open trade counsel notes from BDO and Blakes continue to describe Canada's 874-item counter-tariff table as matching US Section 338 and Section 232 lines while leaving energy, potash, fish, and critical minerals outside the exchange. CBP CSMS 69606660 from August 21 gives importers Chapter 99 HTSUS mapping for covered entries filed on or after August 22. Elemental sulfur, HS 2503, remains absent from both the US covered lists and Canada's published September 8 retaliation table on Canada.ca. Open trade context only; not a licensed PRA weekly assessment.", "source": "CBP / Department of Finance Canada (open reporting)", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260828-03", "published": "2026-08-28", "title": "Section 338 Canada tariffs enter seventh day; HS 2503 still off both schedules", "summary": "The US 50% additional tariff on selected Canadian goods remained in force on August 28, the seventh calendar day after the August 22 effective time, with Ottawa's dollar-for-dollar retaliation now eleven days away on September 8. Open trade counsel notes from BDO and Blakes continue to describe Canada's 874-item counter-tariff table as matching US Section 338 and Section 232 lines while leaving energy, potash, fish, and critical minerals outside the exchange. CBP CSMS 69606660 (August 21) gives importers Chapter 99 HTSUS mapping for covered entries filed on or after August 22. Elemental sulfur, HS 2503, is still absent from both the US covered lists and Canada's published September 8 retaliation table on Canada.ca. Open trade context only; not a licensed PRA weekly assessment.", "source": "CBP / Department of Finance Canada (open reporting)", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260829-02", "published": "2026-08-28", "title": "Environment+Energy Leader reports Mosaic idling Faustina as retail DAP and MAP climb", "summary": "Environment+Energy Leader on August 28 described sulfur as the binding input in the US phosphate chain after Hormuz disruption and China's sulfuric acid export halt. Third-quarter molten sulfur contracts delivered to Tampa settled at a record $705 per long ton, up from $655 in Q2, while US Gulf spot export prices reached $1,100 to $1,150 per metric ton in July. DTN retail averages in the third full week of August put diammonium phosphate at $916 per ton and monoammonium phosphate at $959 per ton, up 8% and 6% year on year. Mosaic reported in August that it had completely idled its Faustina, Louisiana, facility while Bartow, Florida operated near 40% of its targeted annual rate, with other Central Florida plants in the low-to-mid 70% range. The piece cites USGS production shares and SMM data on China's sharply lower elemental sulfur imports in H1 2026. Open journalism citing public sources; not a licensed PRA weekly assessment.", "source": "Environment+Energy Leader", "source_url": "https://www.environmentenergyleader.com/stories/sulfur-shortage-is-forcing-phosphate-production-cuts,138392", "data_type": "verified_public", "geography": [ "United States", "Canada" ], "topics": [ "production", "demand", "prices" ] }, { "id": "sw-intel-20260830-01", "published": "2026-08-28", "title": "Mosaic files WARN notice for 206 layoffs at Uncle Sam and Faustina as sulfur costs idle Louisiana phosphate", "summary": "The Mosaic Company filed a Worker Adjustment and Retraining Notification notice on August 26 covering 206 employees at its Uncle Sam plant in Convent and Faustina plant in Donaldsonville, Louisiana, with layoffs scheduled by October 10. WBRZ and The Advocate reported August 28 that global sulfur supply constraints and extraordinary market conditions drove the staffing cuts as phosphate operations idle. Ammonia production at Faustina continues uninterrupted. Mosaic said the challenge was previously disclosed in its Q2 earnings release and that it will pursue opportunities to resume full operations as market conditions improve. The Advocate cited farmdoc daily figures putting sulfur above $1,000 per ton in recent months, up from about $400 at end-2025, with Hormuz shipping disruption and trimmed exports from China and Russia named as pressure points. Open journalism citing public sources; not a licensed PRA weekly assessment.", "source": "WBRZ / The Advocate", "source_url": "https://www.wbrz.com/news/over-200-mosaic-employees-laid-off-at-two-facilities-amid-sulfur-supply-shortage/", "data_type": "verified_public", "geography": [ "United States", "Louisiana" ], "topics": [ "production", "demand" ] }, { "id": "sw-intel-20260827-01", "published": "2026-08-27", "title": "Ottawa publishes 874-item retaliation list; HS 2503 absent on both sides", "summary": "Finance Minister Francois-Philippe Champagne released Canada's dollar-for-dollar counter-tariff schedule on August 25, with the tariff-item table updated August 26 on Canada.ca. The list covers 874 tariff items and roughly C$27.6 billion in US-origin imports effective 12:01 a.m. September 8, at 15%, 25%, or 50% rates matching the corresponding US Section 338 and Section 232 lines. Steel and aluminum products move to 50%, doubling prior 25% surtaxes, joined by furniture and clothing. Appliances, dairy, fish and seafood, and selected steel derivatives take 25%. Goods already in transit to Canada on the effective date are exempt. Ottawa also announced a C$7.5 billion support package for affected workers and businesses. Elemental sulfur (HS 2503) is not named on either the US covered lists or Canada's published retaliation table. The US 50% Section 338 measure on selected Canadian goods remained in force on August 27, the sixth calendar day after the August 22 effective time. Open trade context only; not a licensed PRA weekly assessment.", "source": "Department of Finance Canada / Baker McKenzie (open reporting)", "source_url": "https://www.canada.ca/en/department-finance/news/2026/08/list-of-products-from-the-united-states-subject-to-counter-tariffs-effective-september-8-2026.html", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260826-03", "published": "2026-08-26", "title": "US Section 338 Canada tariffs enter fifth day; HS 2503 still off covered lists", "summary": "The US 50% additional tariff on roughly $20 billion of Canadian goods remained in force on August 26, the fifth calendar day after the August 22 effective time. Open reporting continues to describe the measure as covering a narrow slice of Canadian exports while exempting energy, potash, fish, and critical minerals. Canadian Prime Minister Carney's retaliatory tariffs remain scheduled for September 8 in steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Elemental sulfur (HS 2503) is still not named on the covered lists. Canada remains the dominant US import source for recovered sulfur per USGS MCS 2026 import-source tables. Alberta forming plants and the Vancouver stem continue to watch list text and the September retaliation calendar. Open trade context only; not a licensed PRA weekly assessment.", "source": "AP News / USTR (open reporting)", "source_url": "https://apnews.com/article/canada-us-trade-tariffs-trump-857ef76b20a766e370d70176135b678e", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260825-04", "published": "2026-08-25", "title": "US Section 338 tariffs on Canada enter fourth day; energy and minerals still exempt", "summary": "The US 50% additional tariff on roughly $20 billion of Canadian goods remains in force on August 25, the fourth calendar day after the August 22 effective time. Open reporting from AP, NBC, and USTR notes the duties cover a narrow slice of Canadian exports while exempting energy, potash, fish, and critical minerals. Canadian Prime Minister Carney said Ottawa will retaliate with targeted tariffs effective September 8, concentrated in steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Elemental sulfur (HS 2503) is not named in the covered lists; Canada remains the dominant US import source for recovered sulfur. Open trade context only; not a licensed PRA weekly assessment.", "source": "AP News / NBC News / USTR (open reporting)", "source_url": "https://apnews.com/article/canada-us-trade-tariffs-trump-857ef76b20a766e370d70176135b678e", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260827-02", "published": "2026-08-25", "title": "Brazil fertilizer imports halve in August as Mosaic warns on 2026/27 crop", "summary": "Reuters reported August 25 that Brazilian fertilizer imports fell about 10% year to date through July and were down roughly 50% in August as high prices and weak farm margins cut demand. Mosaic Brazil country manager Eduardo Monteiro told the congress in Sao Paulo that the national fertilizer market may shrink from a 2025 record near 49 million tonnes to a 42-45 million tonne band this year. Monteiro said the sector had managed 2026 with pre-conflict inventories but warned that reduced application threatens soybean and corn productivity on the 2026/27 crop planted from September. He put potential public-finance damage at R$20-30 billion if subsidy support fails, against a R$2 billion three-month sulfur subvention the industry is requesting. Monteiro said even an immediate end to the Iran conflict could leave supply normalization 12 months away, with China and Russia still restricting exports and Ukrainian attacks hitting Russian installations. Open industry reporting only; not a licensed PRA weekly assessment.", "source": "G1 / Reuters", "source_url": "https://g1.globo.com/economia/agronegocios/noticia/2026/08/25/setor-de-fertilizantes-subsidios.ghtml", "data_type": "verified_public", "geography": [ "Brazil", "Global" ], "topics": [ "demand", "policy" ] }, { "id": "sw-intel-20260828-02", "published": "2026-08-25", "title": "Illinois farmdoc links Corn Belt DAP to Vancouver sulfur spot above $1,000/t", "summary": "University of Illinois farmdoc daily (August 25) tied rising US Corn Belt DAP prices to Vancouver spot sulfur exceeding $1,000 per tonne in recent weeks, up more than 130% since January 2026 and more than 300% since August 2025. Authors Paulson, Schnitkey, Zulauf, and Dhakal reported a 0.70 correlation between Corn Belt DAP and Vancouver sulfur since 2024, with DAP near $850/t and anhydrous ammonia back near $750/t after a spring spike above $1,000/t. The note cites USGS 2026 Mineral Commodity Summaries for production shares (China 23%, US 10%, Canada 6%) and warns fall 2026 pricing decisions for the 2027 crop face lagged phosphate cost pass-through if sulfur stays elevated. Open academic analysis using public price series; not a licensed PRA weekly assessment.", "source": "University of Illinois farmdoc daily", "source_url": "https://farmdocdaily.illinois.edu/2026/08/sulfur-and-increasing-phosphate-fertilizer-prices.html", "data_type": "verified_public", "geography": [ "United States", "Canada" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260830-02", "published": "2026-08-25", "title": "Illinois farmdoc ties Vancouver sulfur spike to Corn Belt DAP near $850/t ahead of 2027 decisions", "summary": "University of Illinois farmdoc daily on August 25 linked rising phosphate fertilizer costs to the sulfur price surge, citing Vancouver spot sulfur above $1,000 per ton in recent months, up more than 130% since January 2026 and more than 300% since August 2025. Corn Belt diammonium phosphate averaged near $850 per ton in recent weeks, up more than 20% from early 2026, while the correlation between Corn Belt DAP and Vancouver sulfur prices since 2024 was positive and statistically strong at 0.70. Authors Paulson, Schnitkey, Zulauf, and Dhakal noted US net import reliance on sulfur and sulfuric acid stood at 14% in 2024 and 2025 and warned that sharply higher sulfur since February could feed further DAP increases as firms adjust procurement. USGS 2026 Mineral Commodity Summaries shares cited in the piece put China at nearly 23% of global sulfur production, the United States near 10%, Russia 8.9%, Saudi Arabia 8.6%, UAE 7.5%, Canada 6%, and Kazakhstan 5.7%. Open academic analysis; not a licensed PRA weekly assessment.", "source": "farmdoc daily / University of Illinois", "source_url": "https://farmdocdaily.illinois.edu/2026/08/sulfur-and-increasing-phosphate-fertilizer-prices.html", "data_type": "verified_public", "geography": [ "United States", "Canada" ], "topics": [ "prices", "demand" ] }, { "id": "sw-intel-20260824-01", "published": "2026-08-24", "title": "US Section 338 tariffs on Canada enter third day; energy and critical minerals exempt", "summary": "The US 50% additional tariff on roughly $20 billion of Canadian goods remains in force on August 24, the third calendar day after the August 22 effective time. Open reporting from AP, NBC, and USTR notes the duties cover a narrow slice of Canadian exports (wine, dairy, hockey sticks, cement, and similar) while exempting energy, potash, fish, and critical minerals. Canadian Prime Minister Carney said Ottawa will retaliate with targeted tariffs effective September 8, concentrated in steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. Elemental sulfur (HS 2503) is not named in the covered lists; Canada remains the dominant US import source for recovered sulfur. Open trade context only; not a licensed PRA weekly assessment.", "source": "AP News / NBC News / USTR (open reporting)", "source_url": "https://apnews.com/article/canada-us-trade-tariffs-trump-857ef76b20a766e370d70176135b678e", "data_type": "verified_public", "geography": [ "Canada", "United States" ], "topics": [ "exports", "policy" ] }, { "id": "sw-intel-20260824-06", "published": "2026-08-24", "title": "SMM: Canada sulfur exports on a 5.22 Mt annualized pace as Hormuz recovery lags", "summary": "Shanghai Metals Market's H1 2026 sulfur chain review said Canada became a swing supplier after Hormuz disruption and restricted Russian/Kazakh exports. It put 2025 Canadian sulfur exports at 4.25 Mt, up 40.7% year on year, with first-four-month 2026 export value already $1.049 billion and an annualized volume near 5.22 Mt. Alberta and British Columbia account for more than 95% of national sulfur exports in that account. SMM described FOB Vancouver rising from about $500/mt in January 2026 to $825-950/mt by April, then warned that Hormuz reopening is not an instant fix: mine clearance, stranded-vessel clearance, and damaged Gulf production may keep Middle East seaborne recovery slow into late summer.", "source": "Shanghai Metals Market (public analysis)", "source_url": "https://news.metal.com/newscontent/103989791-smm-analysis-h1-2026-sulfur-industry-chain-review-extreme-volatility-under-supply-shocks", "data_type": "industry_estimate", "geography": [ "Canada", "British Columbia", "Global" ], "topics": [ "exports", "vancouver", "prices" ] }, { "id": "sw-intel-20260825-01", "published": "2026-08-24", "title": "India proposes 20% sulphur and acid subsidy for P&K fertilizer through March 2027", "summary": "BC Insight reported August 24 on a Department of Fertilizers document dated August 14 proposing a targeted relief package for India's P&K sector (DAP, NPK, phosphoric acid). The draft scheme would subsidize 20% of sulphur and sulphuric acid procurement, with floor reference prices of $800/t and $266.67/t respectively, running June 2026 through March 2027 if Cabinet approves. The DoF framed the measure as a response to West Asia crisis cost pressure and directed manufacturers to hold production through Kharif 2026 and Rabi 2026-27. India had been a swing sulphur exporter in early 2026 before refinery exports effectively stopped in May. Open policy reporting only; not a licensed PRA weekly assessment.", "source": "BC Insight / India Department of Fertilizers", "source_url": "https://www.bcinsight.crugroup.com/2026/08/24/india-plans-sulphur-and-acid-subsidies-for-phosphates-production/", "data_type": "verified_public", "geography": [ "India", "Global" ], "topics": [ "demand", "policy", "prices" ] }, { "id": "sw-intel-20260825-02", "published": "2026-08-24", "title": "Guizhou Phosphating Group lands 73,500 t Middle East sulfur at Zhanjiang", "summary": "ChemNet reported August 24 that 73,500 tonnes of Middle Eastern elemental sulfur procured by Guizhou Phosphating Group arrived at Zhanjiang Port, Guangdong, in the early hours of August 20. The cargo is described as the group's first direct mainstream Middle East import since the US-Israel-Iran conflict began, and its largest single Middle East sulphur purchase by volume and value since the company was founded in 2019. The delivery signals limited but real Hormuz-adjacent supply reaching Chinese phosphate consumers even as broader Gulf seaborne flows remain constrained. Guizhou Phosphating also operates internal sulphuric acid capacity from phosphogypsum recycling at its Qiannan base.", "source": "ChemNet", "source_url": "https://news.chemnet.com/news-9060.html", "data_type": "verified_public", "geography": [ "China", "Global" ], "topics": [ "demand", "exports" ] }, { "id": "sw-intel-20260826-02", "published": "2026-08-23", "title": "Strait of Hormuz MoU expires without successor as transits fall to 12 per day", "summary": "Fertilizer Daily reported August 23 that the 60-day US-Iran memorandum of understanding on Hormuz shipping expired August 17 without a successor deal. A UANI shipping update cited August 19 said only 12 vessels crossed on August 16, versus more than 100 daily crossings before the late-February conflict. Iran's parliament speaker Mohammad Baqer Ghalibaf said the strait will not reopen until Washington lifts its blockade, releases frozen assets, ends the oil embargo, and ceases military operations. Windward reported a bulk carrier was struck by an unknown projectile in the southern corridor on August 19, killing the chief engineer. CoBank's August 13 report warned fertilizer prices could stay elevated through 2028. The Middle East accounts for more than 30% of global urea exports, roughly half of globally traded sulfur, and one-third of seaborne fertilizer shipments. Open freight and policy reporting only.", "source": "Fertilizer Daily / UANI / Windward", "source_url": "https://www.fertilizerdaily.com/20260823-strait-of-hormuz-mou-expired-august-2026/", "data_type": "verified_public", "geography": [ "Middle East", "Global" ], "topics": [ "exports", "policy", "logistics" ] } ] }