Longzhong Information's September 4 sulfur market review framed early September as a stabilization week after August's correction, with port and domestic prices recovering from mid-month lows.
The account put Zhenjiang granular at 7,600 yuan per tonne on September 2, up 100 yuan from the August 27 low of 7,500 yuan, a 1.33 percent move in three sessions.
Longzhong attributed the bounce to deferred restocking after buyers had stayed on the sidelines through late August, when the market fell for roughly two weeks on cautious procurement.
On the import side, the same review said last week's CFR China granular offers held at 1,000 to 1,100 dollars per tonne while overseas cargo circulation stayed slow and arrival increments remained limited.
Domestic refinery output was described as stable but not expanding, keeping spot availability tight even as port and liquid inventories offered room for further price tests.
Downstream demand remained concentrated in rigid replenishment rather than new buying, and autumn phosphate fertilizer stocking was below expectations in Longzhong's read.
The desk therefore treats the early-September firming as a slight oscillation with upside capped by weak phosphate finished-product markets, consistent with Oilchem's September 4 daily review headline of a sustained uptrend in sentiment but not necessarily in volumes.
Oilchem's September 4 Yangtze granular price table and port inventory tonne count remain paywalled, so today's corridor read rests on Longzhong's open prose and the verified September 2 granular print.
For Alberta and British Columbia recovery tonnes, CFR China in the four-digit dollar range sets the competitive ceiling against which Pacific stems bid into Indonesia, India, and the Yangtze.
SMM's open analysis earlier in 2026 described Canada filling gaps in those markets while rail capacity stayed saturated, with FOB Vancouver rising from roughly 492 dollars per tonne at the start of the year toward the 680 to 720 dollar range by spring.
Middle East seaborne through Hormuz remains impaired in open trade reporting, so Chinese import costs anchored on CFR offers matter more than Gulf contract postings for Pacific nomination timing.
National port inventory statistics were updated on Oilchem's platform on September 4, but the detailed tonne count sits behind the same subscription wall Longzhong referenced only qualitatively as still supportive.
Desk read: September 4 open coverage confirms Chinese port prices have bounced with CFR granular still in the 1,000 to 1,100 dollar band. Pacific sellers should watch whether weak phosphate stocking caps the rally or whether import-cost support pulls CFR bids higher into September.