PARADEEP PHOSPHATES, COROMANDEL IN FOCUS AS CHINA SULPHUR PRICES FALL SHARPLY 🚀
📉 China sulphur ex-works prices have declined to CNY 7,400–7,600/tonne from CNY 8,470–8,950/tonne.
💰 Lower sulphur prices can reduce a key input cost for phosphatic fertiliser production.
🏭 Paradeep Phosphates & Coromandel International are likely to see the strongest direct benefit given their significant phosphatic fertiliser operations and sulphur/acid exposure.
🟢 Impact: Positive for Paradeep Phosphates & Coromandel — lower sulphur costs could support fertiliser margins.
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