On February 4th, Shandong Lihuayi's sulfur plant operated normally, with industrial sulfur quoted at 4,000 yuan/ton and liquid sulfur also at 4,000 yuan/ton, representing a price reduction of 100 yuan/ton. PriceSeek analysis of sulfur indicates a bearish score of -1. The reduction of Shandong Lihuayi's sulfur quotation by 100 yuan/ton to 4,000 yuan/ton suggests ample supply or weak demand in the spot market, prompting the company to proactively lower prices. This event exerts downward pressure on sulfur spot prices and is considered a moderate bearish factor. While the reduction, approximately 2.5%, may affect short-term market sentiment, it does not indicate a significant supply-demand imbalance.