For the Quarter Ending June 2026
Sulphur Prices in North America
- In USA, the Sulphur Price Index rose by 78.21% quarter-over-quarter, driven by import tightness and strong demand.
- The average Sulphur price for the quarter was approximately USD 962.33/MT, reflecting sustained import and domestic demand balance.
- Sulphur Spot Price strengthened as Middle East export disruptions tightened seaborne availability, pressuring domestic spot supply.
- Sulphur Price Forecast indicates near-term upside risks amid sustained geopolitical and logistical constraints on imports.
- Sulphur Production Cost Trend showed limited relief despite softer crude, as freight and insurance premiums elevated delivered costs.
- Sulphur Demand Outlook remains robust driven by fertilizer and acid production ahead of seasonal agricultural requirements.
- Sulphur Price Index reflected inventory draws and increased buying urgency among phosphate and industrial consumers.
- Broad import logistics and refinery recovery trends moderated volatility in the Sulphur Price Index over the quarter.
Why did the price of Sulphur change in June 2026 in North America?
- Tighter seaborne supply from Gulf exporters reduced inbound cargo availability for Gulf Coast terminals in June.
- Elevated freight, insurance premiums and rerouting increased landed costs, supporting higher domestic price levels during quarter.
- Strong seasonal fertilizer demand and limited spot inventories amplified upward pressure despite stable upstream crude costs.
Sulphur Prices in APAC
- In Indonesia, the Sulphur Price Index rose by 58.5% quarter-over-quarter, reflecting tight imports, geopolitical disruption.
- The average Sulphur price for the quarter was approximately USD 959.00/MT, reflecting import-dependent market pressure.
- Weekly Sulphur Spot Price gains reflected shipping delays, higher freight, reinforcing the Sulphur Price Index.
- Tight origin flows and insurance-cost increases lifted the Sulphur Production Cost Trend, pressuring CFR offers.
- Domestic Sulphur Demand Outlook remained firm as fertilizer and HPAL nickel sectors procured ahead of season.
- Market commentary cited inventory draws and contract prioritisation, lifting the Sulphur Price Forecast near term.
- Export rerouting through longer voyages tightened supply, strengthening the Sulphur Price Index and accelerating spot volatility.
- Currency depreciation increased landed import costs, sustaining seller bargaining power and firming the Sulphur Price Index.
Why did the price of Sulphur change in June 2026 in APAC?
- Middle-East export disruptions and longer voyages reduced immediate inflows, tightening APAC supply and lifting prices.
- Elevated freight and insurance costs increased landed import expenses, pressuring margins and supporting higher dollar-denominated offers.
- Strong fertilizer and nickel-sector procurement ahead of seasonal programs sustained demand, limiting available spot volumes in market.
Singapore
- In Singapore, the Sulphur Price Index rose by 53.0% quarter-over-quarter, driven by constrained Gulf exports.
- Sulphur Spot Price strengthened as prompt cargo scarcity and tender elevations reduced available immediate supply.
China
- In China, the Sulphur Price Index rose by 80.78% quarter-over-quarter, driven by severe import disruptions.
- Sulphur Spot Price surged after export curbs and insurance premia, prompting trader withholding, tight stocks.
Sulphur Prices in Europe
- In Germany, the Sulphur Price Index rose by 56.98% quarter-over-quarter, reflecting tightening imports and firm fertilizer demand.
- The average Sulphur price for the quarter was approximately USD 734.67/MT, reflecting elevated import costs; steady offtake.
- Sulphur Spot Price strength reflected constrained import parcels and rapid Hamburg terminal turnover, tightening merchant inventories noticeably.
- Sulphur Price Forecast assumes firmness if Middle East transit disruptions persist and freight and insurance premiums remain elevated.
- Sulphur Production Cost Trend stayed high as electricity and ETS compliance expenses further constrained producer margin expansion.
- Sulphur Demand Outlook remains constructive with fertilizer blending and battery precursor procurement supporting ongoing downstream offtake.
- Sulphur Price Index movements mirrored strong export enquiries and balanced domestic Claus output supplying thirty percent of demand.
- Port inventories in Hamburg remained near seasonal norms while export demand and freight premiums supported seller pricing discipline.
Why did the price of Sulphur change in June 2026 in Europe?
- Persistent Middle East transit risks tightened import availability, elevating landed costs, supporting higher seller pricing.
- Elevated electricity and ETS compliance expenses kept production costs high, limiting margins among sulphur producers.
- Steady fertilizer blending and battery-material procurement maintained underlying demand, preventing price corrections despite macro weakness.
Sulphur Prices in MEA
- In Saudi Arabia, the Sulphur Price Index rose by 38.99% quarter-over-quarter, driven by tightened exports and geopolitical risk.
- The average Sulphur price for the quarter was approximately USD 795.00/MT, reflecting weighted shipments and contractual volumes.
- Tight export liftings and refinery outages tightened spot availability, supporting a stronger Sulphur Spot Price and seller discipline.
- Freight and insurance premia elevated landed costs, shaping the Sulphur Price Forecast toward further near-term firmness.
- Declining crude-related input costs moderated margins, reflecting a softer Sulphur Production Cost Trend for producers.
- Robust fertilizer procurement supported export demand; the Sulphur Demand Outlook shows seasonally strong but moderating buying activity.
- Inventory draws at terminals tightened supply while maintained run-rates kept flows balanced, influencing the regional Price Index slightly upward.
- Major producer operational resilience and contractual offtake limited volatility, supporting steady export nominations amid tight global replacement values.
Why did the price of Sulphur change in June 2026 in MEA?
- Export constraints from outages and regional geopolitical tensions reduced available cargoes, tightening FOB supply substantially.
- Strong Asian fertilizer buying during restocking absorbed prompt volumes, exerting upward pressure on offers consistently.
- Easing crude costs partially offset margins, but freight and insurance premia sustained elevated delivered cost pressure.
United Arab Emirates
- In United Arab Emirates, Sulphur Price Index rose by 39.94% quarter-over-quarter, reflecting modest logistics constraints.
- Sulphur Spot Price showed volatility from freight disruptions and vessel scheduling, keeping export premiums elevated.
Jordan
- In Jordan, the Sulphur Price Index rose by 42.21% quarter-over-quarter, driven by regional supply disruptions.
- Sulphur Spot Price firmed as limited Gulf cargoes and higher bunker costs tightened immediate availability.
For the Quarter Ending March 2026
Sulphur Prices in North America
- In the USA, the Sulphur Price Index rose by 25.97% quarter-over-quarter, reflecting tightening and fertilizer demand.
- The average Sulphur price for the quarter was approximately USD 540.00/MT, across Gulf Coast terminals.
- Sulphur Spot Price momentum turned bullish as tighter shipments pushed the regional Price Index higher.
- Sulphur Price Forecasts were revised upward on geopolitical shipping risks and anticipated pre-spring fertilizer procurement.
- Sulphur Production Cost Trend remained steady as crude feedstock prices stayed range-bound, limiting cost pressure.
- Sulphur Demand Outlook firmed as phosphate fertilizer producers increased acid runs ahead of spring application.
- Sulphur Price Index gains matched declining Gulf Coast stocks and export inquiries to Latin America.
- Refinery adjustments and Middle East shipping disruptions constrained exports, supporting firmer Sulphur Spot Price bids.
Why did the price of Sulphur change in March 2026 in North America?
- Seaborne shipment tightening from the Middle East reduced CFR availability, tightening supply into Gulf terminals.
- Seasonal pre-spring fertilizer restocking increased offtake by coastal acid plants, supporting higher transactional Sulphur demand.
- Stable refinery runs and steady feedstock costs limited relief, amplifying price response to export disruptions.
Sulphur Prices in APAC
- In Indonesia, the Sulphur Price Index rose by 35.0% quarter-over-quarter, driven by persistently tight imports
- The average Sulphur price for the quarter was approximately USD 605.00/MT, reflecting weighted spot activity
- Sulphur Spot Price tightened as arrivals delayed, lifting the Sulphur Price Index across Indonesian terminals
- Sulphur Price Forecast shows near-term firmness due to shipping bottlenecks and elevated freight insurance costs
- Sulphur Production Cost Trend increased as higher natural-gas benchmarks raised recovery costs at origin terminals
- Sulphur Demand Outlook remains supportive as fertilizer and nickel hydrometallurgy ramping sustain steady procurement activity
- Port inventories thinned after delayed shipments, pressuring offers and lifting the Sulphur Price Index regionally
- Domestic refinery recovered output provided modest relief, leaving Indonesia import-dependent and price-sensitive to supply shocks
Why did the price of Sulphur change in March 2026 in APAC?
- Strait of Hormuz disruptions curtailed Middle East loadings, sharply reducing immediate import availability into Indonesia
- Higher freight rates and war-risk insurance increased landed costs, incentivising term offers and spot premia
- Downstream fertilizer and nickel demand remained robust, supporting offtake even as inventories tightened at terminals
Sulphur Prices in Europe
- In Germany, the Sulphur Price Index rose by 35.0% quarter-over-quarter, reflecting export constraints and tightness
- Average Sulphur price for the quarter was approximately USD 468.00/MT, based on Hamburg FOB settlements
- Sulphur Spot Price firmed as tighter imports, higher freight and delayed cargoes reduced available parcels
- Sulphur Price Forecast indicates upside risk given ongoing shipping disruptions and elevated energy-related production costs
- Sulphur Production Cost Trend rose with higher natural gas, freight increasing processing and logistics expenses
- Sulphur Demand Outlook stays supportive from fertilizer restocking and battery-material demand despite modest TiO2 weakness
- Sulphur Price Index volatility increased as export rerouting and logistical delays pressured European physical flows
- Inventories tightened at some hubs after refinery outages, prompting cautious buying and higher forward premia
Why did the price of Sulphur change in March 2026 in Europe?
- Strait of Hormuz disruptions forced rerouting, extending voyage times, increasing freight, reducing inbound sulphur availability
- Higher natural gas and energy costs raised processing expenses, pressuring margins and supporting firmer offers
- Seasonal fertilizer restocking and battery-material offtake increased prompt demand, tightening merchant stocks despite downstream softness
Sulphur Prices in MEA
- In Saudi Arabia, the Sulphur Price Index rose by 39.51% quarter-over-quarter, driven by export tightness.
- The average Sulphur price for the quarter was approximately USD 572.00/MT, per regional free-on-board assessments.
- Saudi Sulphur Spot Price tightened as Ma'aden demand and front-loaded Indian procurement drained prompt terminals.
- Sulphur Price Forecast indicates near-term firmness due to logistical disruptions and sustained fertilizer sector buying.
- Rising energy and insurance costs altered Sulphur Production Cost Trend, pressuring producer margins further regionally.
- Sulphur Demand Outlook remains strong as Ma'aden capacity expansions and fertiliser procurement underpin consumption growth.
- Sulphur Price Index gains were amplified by reduced terminal inventories, constrained loadings and forward buying.
- Producers maintained disciplined FOB loadings, keeping offers firm while limiting spot availability for merchant traders.
Why did the price of Sulphur change in March 2026 in MEA?
- Heightened regional conflict disrupted shipping routes and raised insurance costs, tightening prompt export availability significantly.
- Ma'aden phosphate project approvals boosted domestic feedstock consumption, reducing exportable sulphur volumes and tightening markets.
- Front-loaded procurement by Indian and Moroccan buyers accelerated offtake, drawing down terminal inventories, firming prices.
For the Quarter Ending December 2025
Sulphur Prices in North America
- In USA, the Sulphur Price Index rose by 47.31% quarter-over-quarter, reflecting supply constraints, fertilizer demand.
- The average Sulphur price for the quarter was approximately USD 428.67/MT, based on CFR trade.
- Sulphur Spot Price rose on import parity tightness, tightening Price Index and coastal terminal drawdowns.
- Sulphur Price Forecast signals firmness; import delays and freight pressures sustain higher landed costs near-term.
- Sulphur Production Cost Trend shows easing domestically, yet freight and handling keep input cost pressure.
- Sulphur Demand Outlook remains robust for fertilizer and industrial acid sectors, underpinning Price Index momentum.
- Inventory draws and export demand tightened availability, while major producer maintenance reduced marketable tonnes significantly.
- Operational upsets at select refineries elevated short-term risk; balanced domestic runs partly tempered further upside.
Why did the price of Sulphur change in December 2025 in North America?
- Import disruptions and rail congestion reduced seaborne inflows, tightening physical supply for Gulf Coast buyers.
- Refinery maintenance and select shutdowns curtailed recovered sulphur volumes, significantly shrinking merchant availability and inventories.
- Elevated freight costs and strong global fertilizer demand increased landed costs, strengthened seller pricing leverage.
Sulphur Prices in APAC
- In Indonesia, the Sulphur Price Index rose by 50.84% quarter-over-quarter, driven by import tightness and fertilizer and HPAL demand.
- The average Sulphur price for the quarter was approximately USD 448.00/MT, per CFR Tanjung Priok weekly assessments.
- Sulphur Spot Price strength reflected tight cargo availability and aggressive importer bids, pressuring regional prompt offers higher.
- Sulphur Price Forecast for early 2026 suggests moderated gains as pre-planting restocking balances with improving import flows.
- Sulphur Production Cost Trend remained firm due to steady crude and elevated freight, supporting sustained landed-price pressure.
- Sulphur Demand Outlook is constructive as fertilizer stockbuilding and HPAL ramp-ups maintain robust offtake into Q1.
- Inventory draws at main hubs tightened the Sulphur Price Index, amplifying spot volatility and importer urgency.
- Major refinery recovered-sulphur output remained steady but exporters curtailed spot allocations, reinforcing tight CFR offers and premiums.
Why did the price of Sulphur change in December 2025 in APAC?
- Reduced Middle Eastern recovered-sulphur exports and withheld spot allocations tightened supply into Southeast Asia markets.
- Higher freight rates and rupiah depreciation elevated landed costs, pressuring importers to accept higher offers.
- Robust fertilizer pre-planting procurement and HPAL nickel acid demand sustained strong offtake versus limited domestic by-product volumes.
Sulphur Prices in Europe
- In Germany, the Sulphur Price Index rose by 49.8559% quarter-over-quarter, due to tight supply constraints.
- The average Sulphur price for the quarter was approximately USD 346.67/MT across FOB Hamburg assessments.
- Sulphur Spot Price rose; low inventories and port delays constrained supply, lifting domestic Price Index.
- Sulphur Price Forecast points to sustained firmness from seasonal fertilizer buying and ongoing refinery turnarounds.
- Sulphur Production Cost Trend shows upward pressure from higher Brent and electricity tariffs pressuring margins.
- Sulphur Demand Outlook remains strong as fertilizer and agrochemical sectors increase offtake ahead of spring.
- Traders' cautious inventories and export interest amplified the Sulphur Price Index, compressing spot availability nationwide.
- Refinery maintenance at Brunsbuettel, Schwedt and Vohburg-Neustadt reduced recovery output, tightening supply, pressuring Price Index.
- Improving post-mid-November logistics may ease tightness, yet Sulphur Spot Price momentum likely remains elevated short-term.
Why did the price of Sulphur change in December 2025 in Europe?
- Domestic refinery turnarounds reduced sulphur recovery volumes, directly constraining supply into German markets and exports.
- High fertilizer offtake and seasonal agricultural buying lifted immediate demand and tightened merchant sulphur availability.
- Rising Brent and elevated electricity costs increased production cost pressures while earlier Rhine transport disruptions limited inventories.
Sulphur Prices in MEA
- In Saudi Arabia, the Sulphur Price Index rose by 51.29% quarter-over-quarter, driven by tightening supply.
- The average Sulphur price for the quarter was approximately USD 410.00/MT, reflecting stronger export offers.
- Sulphur Spot Price firmed as Asian restocking and constrained Russian Central Asian volumes tightened availability.
- Sulphur Price Forecast indicates near-term firmness as commissioning delays and inventory declines support higher offers.
- Sulphur Production Cost Trend remained low due to sour gas feedstocks despite rising freight costs.
- Sulphur Demand Outlook stays strong from phosphate and battery sectors, underpinning continuing offtake and restocking.
- Sulphur Price Index volatility rose as traders withheld cargoes, amplifying short-term tightness and upward pressure.
- Export nominations to India, Morocco, China drew down Ras Al-Khair, Jubail inventories, limiting prompt availability.
Why did the price of Sulphur change in December 2025 in MEA?
- Refinery and SRU maintenance reduced merchant sulphur output, tightening prompt availability and elevating FOB offers.
- Higher freight and insurance for Red Sea transits eroded netbacks, prompting sellers to increase offers.
- Robust import demand and restocking by phosphate buyers absorbed incremental volumes, preventing price declines immediately.
For the Quarter Ending September 2025
North America
- In USA, the Sulphur Price Index fell by 1.91% quarter-over quarter, driven by import cost pressures.
- The average Sulphur price for the quarter was approximately USD 291.00/MT, reflecting balanced supply dynamics.
- Logistics delays tightened terminals, lifting the Sulphur Spot Price while the Price Index remained sensitive.
- The Sulphur Price Forecast anticipates short-term firmness driven by fertilizer restocking and battery-grade acid demand.
- Shifts in feedstock and refinery runs influenced the Sulphur Production Cost Trend, supporting producer margins.
- Sulphur Demand Outlook improved as fertilizer and copper-leach requirements increased, underpinning stronger term-volume spot bids.
- Elevated inventories with firm export inquiries intermittently tightened availability, keeping the Sulphur Price Index responsive.
- Major Gulf Coast refiners' steady throughputs-maintained supply, yet vessel and rail delays elevated costs.
Why did the price of Sulphur change in September 2025 in North America?
- Rising Canadian export costs and Asian purchases raised US import parity, tightening merchant sulphur availability.
- Strong fertilizer and battery-grade acid demand increased offtake, offsetting refinery output and pressuring spot markets.
- Vessel timing and railcar shortages raised transport costs, increasing supply friction and influencing near-term prices.
APAC
- In Indonesia, the Sulphur Price Index fell by 1.11% quarter-over-quarter in Q3 2025, reflecting oversupply dominance
- The average Sulphur price for the quarter was approximately USD 297.00/MT based on CFR Tanjung Priok cargoes
- Elevated port inventories pressured Sulphur Spot Price as steady Middle Eastern inflows outpaced domestic offtake
- The Sulphur Demand Outlook strengthened as HPAL, and fertiliser restocking lifted industrial procurement for planting
- Lower diesel and steady feedstock supply tempered the Sulphur Production Cost Trend, easing landed costs
- Short-term Sulphur Price Forecast shows firming risks as burner ramps and merchant availability tightens further
- Recent tender activity and downstream bids lifted the Sulphur Price Index, signalling tighter short-term balance
- Robust Middle Eastern liftings and domestic burner expansions supported sustained export demand and procurement urgency
Why did the price of Sulphur change in September 2025 in APAC?
- Industrial restocking and burner throughput intensified import enquiries, tightening port inventories and lifting spot bids
- Smooth freight lanes and steady Middle East supply limited logistics premiums, moderating landed-cost volatility slightly
- Tender-driven buying and temporary import paperwork tightening prompted forward purchases, amplifying short-term procurement urgency notably
Europe
- In Germany, the Sulphur Price Index rose by 7.26% quarter-over-quarter, due to stocking and planting.
- The average Sulphur price for the quarter was approximately USD 231.33/MT reflecting cautious buying patterns.
- Sulphur Spot Price firmed as planting restocking resumed, tightening prompt supply and lifting regional offtake.
- Sulphur Price Forecast points to limited upside, supported by restocking and constrained FOB availability conditions.
- Sulphur Production Cost Trend remained muted as feedstock and energy prices held steady throughout quarter.
- Sulphur Demand Outlook improved with planting season restart, elevating offtake and raising the Price Index.
- Inventories stayed sufficient, but Rhine logistics and tenders elevated landed costs, capping Sulphur Spot Price.
- Major producers ran without outages, maintaining output reliability and keeping the regional Price Index balanced.
Why did the price of Sulphur change in September 2025 in Europe?
- Resumption of planting season increased agrochemical procurement, driving restocking and immediate downstream demand uplift pressure.
- Balanced refinery recoveries and steady domestic output-maintained supply, yet Rhine surcharges tightened prompt availability.
- Stable feedstock and energy costs limited production cost inflation, while buyer caution delayed contractual purchases.
MEA
- In Saudi Arabia, the Sulphur Price Index fell by 4.24% quarter-over-quarter, reflecting subdued export demand.
- The average Sulphur price for the quarter was approximately USD 271/MT FOB Al Jubail levels.
- Sulphur Spot Price firmed as Asian procurement increased and export availabilities tightened, lifting seller confidence.
- Sulphur Production Cost Trend remained stable as feedstock crude prices held steady, limiting inflationary pressure.
- Sulphur Demand Outlook improved with domestic plantation season and fertilizer buying from China and Morocco.
- Sulphur Price Forecast projects near-term firmness, modest corrections as restocking and seasonal demand dynamics normalize.
- Sulphur Price Index fluctuations mirrored shipping risk, port congestion and regional geopolitical tensions affecting export flows significantly.
- Inventory builds and steady refinery recoveries weighed on FOB values, though scheduled maintenance could tighten supply later.
Why did the price of Sulphur change in September 2025 in MEA?
- Tighter export inquiries from Asia increased procurement, tightening available spot parcels and elevating FOB quotations.
- Logistics disruptions, higher freight and insurance costs reduced arbitrage, constraining exports and supporting domestic FOB.
- Seasonal domestic planting increased demand while ample refinery recovery sustained supply, resulting in firmer pricing.
