[Sulfur Prices Soar] Sulfur is an important chemical raw material. Sulfuric acid, made from sulfur, is widely used not only in the production of phosphate fertilizers and compound fertilizers, but is also an indispensable key intermediate in industrial manufacturing and the new energy industry chain. As of January 21, the average transaction price of solid sulfur at Zhenjiang Port was 4,358 yuan/ton, an increase of nearly 180% compared to the price of less than 1,600 yuan/ton at the end of 2024. Experts told reporters that my country's dependence on imported sulfur has long remained at around 50%. The main reason for this round of price increases is that the growth rate of international demand exceeds the growth rate of supply. The rapid expansion of emerging industries, represented by the Indonesian nickel hydrometallurgical project, has significantly boosted the demand for sulfuric acid production.
