Market Outlook
The processed phosphates market view is supporting sulphur demand. The average DAP price for Morocco f.o.b. is forecast to rise significantly on 2020 levels. As the leading end use for sulphur consumption and trade, this has implications for pricing. The expected downward correction in DAP in 2022 will likely lead to a parallel decline in sulphur, at a time when supply is expected to improve in the oil and gas sector, adding further pressure for prices to ease.
