Fertilizer Weekly Insights

China sulphur breaks below CNY 8,000 and the story is demand, not supply; acid absorption is failing to carry sulphur’s cost while India resets the DAP clearing anchor into the low-$900s cashequivalent, urea rebounds post-tender against a 4.5-million-tonne export pipeline, and September MAP/DAP/NPK reopening rumours remain exactly that: rumours without customs evidence.