| Product |
Category |
Region |
Price |
Last Updated Month |
| Sulphur |
Chemicals |
China |
405 USD/MT |
October 2025 |
| Sulphur |
Chemicals |
China |
548 USD/MT |
December 2025 |
Asia
The Chinese sulphur market experienced upward price movements during the fourth quarter, driven by tightening global supply and strong demand from downstream sulfuric acid producers. The prices were about 405 USD/MT (Spot FD) in October and around 548 USD/MT in December. The quarter opened with prices at relatively modest levels before entering a sustained appreciation phase throughout October and November. Values climbed progressively as supply constraints intensified, with reduced Russian production due to refinery disruptions limiting international availability. Middle Eastern exports remained the primary supply source, though production increases from this region proved insufficient to offset the Russian supply decline.
Prices reached peak levels during early December as supply tightness coincided with seasonal demand increases from phosphate fertilizer manufacturers preparing for spring planting requirements. China's high import dependence, approaching half of total consumption, amplified the impact of international supply constraints on domestic pricing. Port inventories declined to relatively low levels, tightening spot market availability and supporting price strength. Demand from sulfuric acid production remained steady, with this application consuming the majority of sulphur supplies. Emerging demand from new energy sectors, particularly iron phosphate production for battery applications, provided additional consumption support. The latter portion of the quarter witnessed modest price correction as some supply pressures eased, though values remained well above quarterly opening levels.
Europe
European sulphur markets followed similar upward trends observed in Asian regions, with prices appreciating steadily throughout the quarter. Supply conditions tightened as Russian export restrictions and Middle Eastern production constraints limited available volumes for European buyers. Import costs increased progressively, reflecting global supply-demand imbalances and elevated freight rates. Demand from sulfuric acid production and phosphate fertilizer applications maintained consistent levels, providing steady consumption support. Industrial users demonstrated regular procurement patterns while managing elevated input costs.
North America
North American sulphur markets experienced comparable price strengthening aligned with global supply tightness. Domestic production from refining operations remained stable, though overall North American supply proved insufficient to fully insulate regional markets from international price movements. Demand from fertilizer manufacturing and sulfuric acid production maintained regular patterns, with steady consumption from established end-use sectors supporting market fundamentals. Prices tracked global benchmark movements throughout the quarter.