First signals emerging of recovery in Asian markets

摘要

There are early signs that demand from the fertilizer and chemical sectors may begin to recover in March, but market participants agree it is likely to be a slow process. India has shown little interest in sulphur imports over the past few months, while China has been quiet since the start of the Lunar New Holiday in the second half of January. Traders anticipating a rise in Chinese and Indian demand in March say that this will certainly prompt price increases, but they do not anticipate any dramatic hikes. In China, the extremely high port inventories and DAP export taxes will limit the opportunities for March sulphur business.