According to CoinMeta, sulfur, which was once in such high demand that it was “hard to come by even in tons,” has now seen its price drop by half compared to its peak within the year. On November 11th, the benchmark price of sulfur was 5,151.75 yuan per ton, which is a decrease of 5,923.44 yuan per ton from the high of 11,050.63 yuan per ton on June 16th, representing a decline of 53.60%. Market data shows that at the beginning of the year, the price of sulfur at domestic ports was only 3,850 yuan per ton. On June 11th, the price of granular sulfur at the Yangtze River ports soared to 11,750 yuan per ton, with the largest increase in half a year reaching 154%. Currently, the quoted price of imported granular sulfur at the Yangtze River ports has fallen back to 5,000–5,100 yuan per ton, and the price of liquid sulfur refined in Shandong has dropped by about 55%–57% from its peak. With the decline in sulfur prices, the cost pressure on downstream enterprises has been alleviated. Industry analysts believe that as prices continue to fall and profit margins for downstream companies improve, supply and demand will once again become balanced, and the rate of decline may slow down compared to earlier periods.