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.
Alberta recovered sulfur still leaves mainly through the Vancouver stem. World supply shocks show up there as stem tightness, remelt draws, and Gulf-versus-Pacific basis.
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;