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Sulphur Price Trend Analysis 2026: Latest News, Historical Prices, Supply Demand Analysis, Market Insights & Price Drivers
Written ByShriya Singh
Sulphur Latest Development
Sulphur Prices Surge, Tightening Margins
Sulphur cost climbed sharply in Q2 FY27, contributing to margin compression for GSFC's fertilizer segment. The price rise is expected to keep sulphur prices elevated, impacting downstream fertilizer costs.
Sulphur Price Trend Q3 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Sulphur | China | FOB | USD 1,371.66/MT | August 2026 |
| Sulphur | India | CIF | USD 1,141.00/MT | August 2026 |
| Sulphur | USA | FOB | USD 1,150.00/MT | August 2026 |
| Sulphur | Germany | FOB | USD 875.00/MT | August 2026 |
| Sulphur | Canada | FOB | USD 1,000.00/MT | August 2026 |
| Sulphur | China | FOB | USD 1,342.72/MT | July 2026 |
| Sulphur | India | CIF | USD 1,105.00/MT | July 2026 |
| Sulphur | USA | FOB | USD 1,120.00/MT | July 2026 |
| Sulphur | Germany | FOB | USD 825.00/MT | July 2026 |
| Sulphur | Canada | FOB | USD 1,125.00/MT | July 2026 |
Stay updated with the latest Sulphur prices, historical data, and tailored regional analysis
Sulphur Price Trend Q3 2026
- During Q3’26, sulphur prices stayed elevated in most markets, as Middle East shipping risks and export bans kept global supply tight, though weak fertilizer demand capped gains in some regions.
- Supply remained constrained after the Hormuz disruption cut Middle East shipments, while export bans from several producing countries further reduced seaborne availability.
- Phosphate fertilizer producers, the main consumers, ran plants at low rates and resisted higher costs, while acid users shifted toward cheaper smelter-based acid.
Asia
In China, the average price of Sulphur rose from ~USD 1,342.72/MT (FOB) in July to ~USD 1,371.66/MT in August, an increase of ~2.2%. India climbed about 3.3%, from ~USD 1,105.00/MT (CIF) to ~USD 1,141.00/MT. The Middle East supplies about 45% of seaborne sulphur, and continued disruption around Hormuz kept regional supply tight. Abu Dhabi held its August export price at a record level, while freight costs rose after the US–Iran ceasefire collapsed, lifting delivered costs into India. Chinese export values followed firmer international levels, even as domestic prices weakened. Within China, imports fell in January to August, and low operating rates at phosphate fertilizer plants reduced local demand, while sulphuric acid prices also fell as smelter acid supply rose.
Europe
In Germany, sulphur averaged approximately USD 825.00/MT (FOB) in July and rose to about USD 875.00/MT in August, an increase of ~6.1%. Supply tightened as Russia extended its ban on industrial sulphur exports to the end of 2026, Kazakhstan halted exports and Turkey kept its export ban through the third quarter. European demand for sulphuric acid also rose significantly after China banned acid exports, supporting sulphur values.
North America
In the USA, average sulphur prices increased from nearly USD 1,120.00/MT (FOB) in July to roughly USD 1,150.00/MT in August, up ~2.7%. The third-quarter Tampa liquid sulphur contract settled at a record level, and buyers paid premiums for cargoes with guaranteed delivery due to Middle East shipping risks. Canada moved the other way, falling about 11% from ~USD 1,125.00/MT (FOB) to ~USD 1,000.00/MT, as weak phosphate fertilizer demand and buyer resistance limited interest in export cargoes.
Analyst Insight
According to Procurement Resource, sulphur prices are likely to ease gradually as Middle East flows recover and fertilizer demand stays soft, although ongoing export bans may keep the market tighter than usual.
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- Global sulphur prices strengthened in Q2’26 as refinery maintenance, reduced export availability and steady fertilizer demand tightened supply conditions.
- Feedstock availability was influenced by refinery operations and sour-gas processing, with recovered sulphur supply affected by production disruptions.
- Downstream demand remained supported by phosphate fertilizer production, with India’s fertilizer stocks reaching 196.08 lakh tonnes by June 22, supporting agricultural demand.
Asia
In Q2'26, Sulphur prices in China were ~USD 924.95/MT in April and ~USD 1,330.00/MT in June. The market was supported by tighter supply expectations, import requirements and demand from sulphuric acid and phosphate fertilizer producers. Refinery maintenance reduced recovered sulphur availability during parts of Q2, while fertilizer production remained an important demand driver. However, weaker fertilizer margins limited aggressive procurement later in the quarter. In India, sulphur prices increased from ~USD 974.84/MT to ~USD 1,050.00/MT during the quarter, showing a ~7.7% increase. Seasonal fertilizer preparation before the Kharif crop cycle supported sulphur demand, while limited domestic sulphur recovery maintained import dependence.
Europe
The Sulphur price curve in Germany witnessed upward movements as prices increased from ~USD 750.00/MT in April to ~USD 850.00/MT in June, showing a ~13.3% increase. European markets faced supply pressure due to lower domestic sulphur recovery, refinery operating changes and dependence on imported material. Demand from sulphuric acid production, phosphate fertilizers and industrial applications supported consumption. However, weak industrial activity limited stronger demand growth, with euro-area industrial production increasing only slightly during April. Higher fertilizer production costs and energy expenses also influenced procurement decisions among downstream users.
North America
Sulphur prices in the United States increased to ~USD 855.00/MT in April and ~USD 1,147.50/MT in June. The market was supported by refinery maintenance, changes in recovered sulphur output and firm fertilizer demand. Domestic sulphur supply remained linked to refinery and natural gas processing activity, with improved refinery operations later helping balance availability. Phosphate fertilizer production remained the primary demand driver, while agricultural sulphur applications also supported consumption. Canadian recovered sulphur supply remained important for regional availability and trade flows.
Analyst Insight
According to Procurement Resource, sulphur prices are expected to remain supported by fertilizer demand and refinery supply conditions, while improved production availability may reduce supply pressure.
About Sulphur
Sulphur is basically a chemical element, which is known to be the 10th most abundant element in the universe. It is multivalent, as well as nonmetallic. In appearance, the elemental Sulphur is a bright yellow crystalline solid at room temperature. It is most widely used in the production of sulphuric acid, which in turn goes into fertilisers, batteries and cleaners.
Sulphur Product Detail
Chemical Formula
S or S8
Molecular Weight
32.07 g/mol
Industrial Uses
Sulphuric acid, Fire chemicals, Vulcanisation, Fungicide and pesticides, Black gunpowder, Furnitures, Fertilisers, Pharmaceuticals
Synonyms
7704-34-9, Sulphur, precipitated, Sulphur, 99.5%, sublimed, Sulphur, 99.5+%, refined
Supplier Database
INEOS Capital Limited, Repsol S.A., Petrobras, Ishtar Company LLC, Swiss Singapore Overseas Enterprises Pte Ltd.
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Sulphur Production Processes
- Sulphur Production via Claus Process - The Claus process involves the recovery of Sulphur from the gaseous hydrogen sulphide found in raw natural gas.
Our Price Analysis Methodology
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
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