[SMM Analysis] The Mystery Behind the Flat China Sulfuric Acid FOB Price

๊ฒŒ์‹œ๋จ: Mar 25, 2026 13:54
Since the beginning of 2026, the global sulfur supply has been tight, with prices continuing to rise, intensifying pressure across the industrial chain. The external environment has further exacerbated the situation: ongoing turmoil in the Middle East has disrupted shipping through the Strait of Hormuz, affecting nearly 40% of global sulfur maritime transport. Shipping costs have doubled, forcing a restructuring of trade flows.

๋ฐ์ดํ„ฐ ์ถœ์ฒ˜ ์„ค๋ช…: ๊ณต๊ฐœ ์ •๋ณด๋ฅผ ์ œ์™ธํ•œ ๋ชจ๋“  ๋ฐ์ดํ„ฐ๋Š” SMM์ด ๊ณต๊ฐœ ์ •๋ณด, ์‹œ์žฅ ์ปค๋ฎค๋‹ˆ์ผ€์ด์…˜ ๋ฐ SMM ๋‚ด๋ถ€ ๋ฐ์ดํ„ฐ๋ฒ ์ด์Šค ๋ชจ๋ธ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ๊ฐ€๊ณตํ•œ ๊ฒƒ์ž…๋‹ˆ๋‹ค. ๋ณธ ์ž๋ฃŒ๋Š” ์ฐธ๊ณ ์šฉ์ด๋ฉฐ ์˜์‚ฌ๊ฒฐ์ • ๊ถŒ๊ณ ๋ฅผ ๊ตฌ์„ฑํ•˜์ง€ ์•Š์Šต๋‹ˆ๋‹ค.

๋ฌธ์˜ ์‚ฌํ•ญ์ด ์žˆ๊ฑฐ๋‚˜ ์ž์„ธํ•œ ์ •๋ณด๋ฅผ ์›ํ•˜์‹œ๋ฉด ์•„๋ž˜๋กœ ์—ฐ๋ฝํ•ด ์ฃผ์‹œ๊ธฐ ๋ฐ”๋ž๋‹ˆ๋‹ค: lemonzhao@smm.cn
๋ฆฌ์„œ์น˜ ๋ณด๊ณ ์„œ ์—ด๋žŒ ๋ฐฉ๋ฒ•์— ๋Œ€ํ•œ ์ž์„ธํ•œ ๋‚ด์šฉ์€ ์•„๋ž˜๋กœ ๋ฌธ์˜ํ•˜์‹œ๊ธฐ ๋ฐ”๋ž๋‹ˆ๋‹ค:service.en@smm.cn
๊ด€๋ จ ๋‰ด์Šค
Larvotto Resources, Hammer Metals๋ฅผ ์ „์•ก ์ฃผ์‹ ๊ตํ™˜์œผ๋กœ ์ธ์ˆ˜ํ•˜๋ฉฐ ํ€ธ์ฆ๋žœ๋“œ ๊ตฌ๋ฆฌ ํฌํŠธํด๋ฆฌ์˜ค ํ™•๋Œ€
9์‹œ๊ฐ„ ์ „
Larvotto Resources, Hammer Metals๋ฅผ ์ „์•ก ์ฃผ์‹ ๊ตํ™˜์œผ๋กœ ์ธ์ˆ˜ํ•˜๋ฉฐ ํ€ธ์ฆ๋žœ๋“œ ๊ตฌ๋ฆฌ ํฌํŠธํด๋ฆฌ์˜ค ํ™•๋Œ€
๋” ๋ณด๊ธฐ
Larvotto Resources, Hammer Metals๋ฅผ ์ „์•ก ์ฃผ์‹ ๊ตํ™˜์œผ๋กœ ์ธ์ˆ˜ํ•˜๋ฉฐ ํ€ธ์ฆ๋žœ๋“œ ๊ตฌ๋ฆฌ ํฌํŠธํด๋ฆฌ์˜ค ํ™•๋Œ€
Larvotto Resources, Hammer Metals๋ฅผ ์ „์•ก ์ฃผ์‹ ๊ตํ™˜์œผ๋กœ ์ธ์ˆ˜ํ•˜๋ฉฐ ํ€ธ์ฆ๋žœ๋“œ ๊ตฌ๋ฆฌ ํฌํŠธํด๋ฆฌ์˜ค ํ™•๋Œ€
ํ˜ธ์ฃผ์— ๋ณธ์‚ฌ๋ฅผ ๋‘” ๊ธˆ-์•ˆํ‹ฐ๋ชฌ ๊ด‘์„ ๊ธฐ์—… Larvotto Resources๋Š” Hammer Metals ์ธ์ˆ˜๋ฅผ ํ†ตํ•ด ๊ตฌ๋ฆฌ ์ž์‚ฐ ๋น„์ค‘์„ ํ™•๋Œ€ํ•˜๋ฉฐ, ํ€ธ์ฆ๋žœ๋“œ์— ์ง€์—ญ ๊ทœ๋ชจ์˜ ํฌํŠธํด๋ฆฌ์˜ค๋ฅผ ๊ตฌ์ถ•ํ•˜๋Š” ๊ฒƒ์„ ๋ชฉํ‘œ๋กœ ํ•˜๊ณ  ์žˆ๋‹ค. ๋‘ ํšŒ์‚ฌ๊ฐ€ ๋ชฉ์š”์ผ์— ์ฒด๊ฒฐํ•œ ๊ตฌ์†๋ ฅ ์žˆ๋Š” ๊ณ„์•ฝ์— ๋”ฐ๋ผ, Larvotto๋Š” ์ฃผ์‹ ๊ตํ™˜ ๊ฑฐ๋ž˜๋กœ Hammer์˜ ์ง€๋ถ„ 100%๋ฅผ ์ธ์ˆ˜ํ•˜๊ณ , ์ธ์ˆ˜ํ•˜๋Š” Hammer ์ฃผ์‹ 22์ฃผ๋‹น ์‹ ์ฃผ 1์ฃผ๋ฅผ ๋ฐœํ–‰ํ•  ์˜ˆ์ •์ด๋‹ค.
9์‹œ๊ฐ„ ์ „
์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ๊ฒฝ์ œ ๊ฐœํ˜๊ณผ ์ƒˆ๋กœ์šด ๋ฒ•์  ์ฒด๊ณ„๋ฅผ ํ†ตํ•ด ํ•ต์‹ฌ ๊ด‘๋ฌผ ํˆฌ์ž ์œ ์น˜๋ฅผ ๋ชฉํ‘œ๋กœ ํ•˜๊ณ  ์žˆ๋‹ค.
9์‹œ๊ฐ„ ์ „
์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ๊ฒฝ์ œ ๊ฐœํ˜๊ณผ ์ƒˆ๋กœ์šด ๋ฒ•์  ์ฒด๊ณ„๋ฅผ ํ†ตํ•ด ํ•ต์‹ฌ ๊ด‘๋ฌผ ํˆฌ์ž ์œ ์น˜๋ฅผ ๋ชฉํ‘œ๋กœ ํ•˜๊ณ  ์žˆ๋‹ค.
๋” ๋ณด๊ธฐ
์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ๊ฒฝ์ œ ๊ฐœํ˜๊ณผ ์ƒˆ๋กœ์šด ๋ฒ•์  ์ฒด๊ณ„๋ฅผ ํ†ตํ•ด ํ•ต์‹ฌ ๊ด‘๋ฌผ ํˆฌ์ž ์œ ์น˜๋ฅผ ๋ชฉํ‘œ๋กœ ํ•˜๊ณ  ์žˆ๋‹ค.
์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ๊ฒฝ์ œ ๊ฐœํ˜๊ณผ ์ƒˆ๋กœ์šด ๋ฒ•์  ์ฒด๊ณ„๋ฅผ ํ†ตํ•ด ํ•ต์‹ฌ ๊ด‘๋ฌผ ํˆฌ์ž ์œ ์น˜๋ฅผ ๋ชฉํ‘œ๋กœ ํ•˜๊ณ  ์žˆ๋‹ค.
์•„๋ฅดํ—จํ‹ฐ๋‚˜ ๊ด‘์—…๋ถ€ ์žฅ๊ด€ ๋ฃจ์„ธ๋กœ ๋ฃจ์ด์Šค๋Š” ๋ชฉ์š”์ผ, ์•„๋ฅดํ—จํ‹ฐ๋‚˜๊ฐ€ ๊ด‘์‚ฐ ํ”„๋กœ์ ํŠธ๋ฅผ ์œ ์น˜ํ•˜๊ณ  ์ง€์›ํ•˜๊ธฐ ์œ„ํ•ด ๊ฒฝ์ œ ๊ฐœํ˜๊ณผ ์ƒˆ๋กœ์šด ๋ฒ•์  ์ฒด๊ณ„๋ฅผ ์‹œํ–‰ํ•จ์— ๋”ฐ๋ผ ์•„๋ฅดํ—จํ‹ฐ๋‚˜ ์ •๋ถ€๊ฐ€ ํ•ต์‹ฌ ๊ด‘๋ฌผ ํˆฌ์ž์˜ ์„ ํ˜ธ ๋Œ€์ƒ๊ตญ์ด ๋  ์ค€๋น„๊ฐ€ ๋˜์–ด ์žˆ๋‹ค๊ณ  ๋งํ–ˆ๋‹ค. ๋ฏธ ์ƒ๊ณตํšŒ์˜์†Œ ์ฃผ์ตœ ํ•ต์‹ฌ ๊ด‘๋ฌผ ํ–‰์‚ฌ์—์„œ ๋ฃจ์„ธ๋กœ๋Š” โ€œ์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ์„ธ๊ณ„์—์„œ ๊ฐ€์žฅ ์ค‘์š”ํ•œ ํ•ต์‹ฌ ๊ด‘๋ฌผ ์ž์› ํฌํŠธํด๋ฆฌ์˜ค ์ค‘ ํ•˜๋‚˜๋ฅผ ๋ณด์œ ํ•˜๊ณ  ์žˆ๋‹คโ€๊ณ  ๋ฐํ˜”๋‹ค. S&P ๊ธ€๋กœ๋ฒŒ ๋งˆ์ผ“ ์ธํ…”๋ฆฌ์ „์Šค์— ๋”ฐ๋ฅด๋ฉด, ์•„๋ฅดํ—จํ‹ฐ๋‚˜๋Š” ๋ฆฌํŠฌ ๋งค์žฅ๋Ÿ‰ ๋ฐ ์ž์›๋Ÿ‰ 8,550๋งŒ ํ†ค๊ณผ ๊ตฌ๋ฆฌ ๋งค์žฅ๋Ÿ‰ ๋ฐ ์ž์›๋Ÿ‰ 1์–ต 2,430๋งŒ ํ†ค์„ ๋ณด์œ ํ•˜๊ณ  ์žˆ๋‹ค.
9์‹œ๊ฐ„ ์ „
๋ฏธ๊ตญ๊ณผ ์ด๋ž€, ํ•ฉ์˜ ๊ทผ์ ‘โ€ฆ G7 ์ •์ƒํšŒ์˜ ๊ธฐ๊ฐ„ ์ œ๋„ค๋ฐ”์—์„œ ์„œ๋ช… ๊ฐ€๋Šฅ์„ฑ
9์‹œ๊ฐ„ ์ „
๋ฏธ๊ตญ๊ณผ ์ด๋ž€, ํ•ฉ์˜ ๊ทผ์ ‘โ€ฆ G7 ์ •์ƒํšŒ์˜ ๊ธฐ๊ฐ„ ์ œ๋„ค๋ฐ”์—์„œ ์„œ๋ช… ๊ฐ€๋Šฅ์„ฑ
๋” ๋ณด๊ธฐ
๋ฏธ๊ตญ๊ณผ ์ด๋ž€, ํ•ฉ์˜ ๊ทผ์ ‘โ€ฆ G7 ์ •์ƒํšŒ์˜ ๊ธฐ๊ฐ„ ์ œ๋„ค๋ฐ”์—์„œ ์„œ๋ช… ๊ฐ€๋Šฅ์„ฑ
๋ฏธ๊ตญ๊ณผ ์ด๋ž€, ํ•ฉ์˜ ๊ทผ์ ‘โ€ฆ G7 ์ •์ƒํšŒ์˜ ๊ธฐ๊ฐ„ ์ œ๋„ค๋ฐ”์—์„œ ์„œ๋ช… ๊ฐ€๋Šฅ์„ฑ
9์‹œ๊ฐ„ ์ „
Since the beginning of 2026, the global sulfur supply has been tight, - Shanghai Metals Market (SMM)