Global Sulfur Market Update: Rising Prices and Persistent Tight Supply
As 2024 draws to a close, the sulfur market continues to experience significant shifts, with rising prices and tight supply shaping global trade. This article provides a detailed analysis of the current market dynamics, price trends, and outlook for sulfur and sulphuric acid.
Price Trends and Regional Dynamics
Sulfur prices saw notable increases in key markets, reflecting strong demand and limited availability:
- Middle East FOB prices surged to $165-170/t, driven by rising demand across global markets.
- China CFR prices reached $180-187/t, with costs influenced by Middle Eastern supply constraints.
- Stable pricing was observed in regions like Canada ($120-125/t FOB) and Indonesia ($170-175/t CFR), where demand remained steady.
Sulphuric Acid Market Trends
While sulfur prices increased in many regions, sulphuric acid prices showed mixed movements:
- Declines were recorded in Chile ($155-165/t CFR) and India ($100-105/t CFR) due to subdued demand.
- Prices remained stable in North Africa ($140-160/t CFR) and Northwest Europe ($100-110/t FOB) amidst balanced supply and demand dynamics.
Supply constraints in Japan, South Korea, and China are expected to ease slightly by year-end, potentially stabilizing acid markets further.
Market Drivers
Several factors are influencing the sulfur and sulphuric acid markets:
- Tight Supply: Persistent supply shortages in key regions like the Middle East and Asia are driving price increases.
- Demand Dynamics: Rising sulfur demand in China and India is keeping buyers cautious, with regional prices reflecting strong activity.
- Easing Constraints: Improvements in Asian sulphuric acid supply chains could moderate prices in Q1 2025.
Market Outlook
- Short-Term (December): Sulfur prices are expected to remain firm in high-demand regions like China and India, with potential increases.
- Q1 2025 Projections: Demand softening and easing supply constraints for sulphuric acid may lead to slight price corrections.
At EGT Fertilizer, we offer reliable access to high-quality sulfur and sulphuric acid, ensuring an uninterrupted supply for your production needs. As market dynamics evolve, we’re here to support your business with timely and competitive solutions.
What’s your perspective on the sulfur market trends? Contact us to discuss your needs and stay ahead in this dynamic market.
