Prices in the sulfur market rose slightly in April 2020 compared to recent months, and in most markets around the world, we saw growth of $ 15-20 compared to January and February prices.
However, in April 2020, with the spread of the Corona Virus in the world and the one-month closure of most global markets, as well as the sharp drop in oil prices in April, sulfur prices fell slightly this month and some markets, such as the Indian market, had a 5 USD drop in prices.
Altogether, it is expected that with the gradual opening of markets and the re-activation of China and India markets, as well as the approach of the agricultural season in most parts of the world, sulfur prices will increase and finally, after several months of declining prices, we will see an increase in sulfur prices.
China’s current sulfur prices in the last week of April 2020 were at 513.33 RMB per MT.
At the below table you can see updated weekly prices for granular sulphur and lump sulphur in the year 2020 | The latest updated price: Week 4, April 2020
Prices based on FOB Middle East USD/MT – Packing Jumbo Bags
MONTH / WEEK | WEEK 1 | WEEK 2 | WEEK 3 | WEEK 4 |
---|---|---|---|---|
APRIL | 65 USD | 65 USD | 65 USD | 65 USD |
MARCH | 67 USD | 67 USD | 67 USD | 65 USD |
FEBRUARY | 60 USD | 60 USD | 60 USD | 65 USD |
JANUARY | 50 USD | 47 USD | 45 USD | 45 USD |
Prices based on FOB Middle East USD/MT – In Bulk
MONTH / WEEK | WEEK 1 | WEEK 2 | WEEK 3 | WEEK 4 |
---|---|---|---|---|
APRIL | 58 USD | 53 USD | 46 USD | 46 USD |
MARCH | 37 USD | 42 USD | 58 USD | 53 USD |
FEBRUARY | 27 USD | 25 USD | 25 USD | 25 USD |
JANUARY | 25 USD | 27 USD | 25 USD | 23 USD |
At the below table you can see updated weekly prices for lump sulphur in the year 2020 | The latest updated price: Week 4, April 2020
Prices based on FOB Middle East USD/MT – Packing Jumbo Bags
MONTH / WEEK | WEEK 1 | WEEK 2 | WEEK 3 | WEEK 4 |
---|---|---|---|---|
APRIL | 50 USD | 50 USD | 50 USD | 50 USD |
MARCH | 50 USD | 52 USD | 52 USD | 50 USD |
FEBRUARY | 45 USD | 45 USD | 45 USD | 50 USD |
JANUARY | 35 USD | 32 USD | 30 USD | 30 USD |
Prices based on FOB Middle East USD/MT – In Bulk
MONTH / WEEK | WEEK 1 | WEEK 2 | WEEK 3 | WEEK 4 |
---|---|---|---|---|
APRIL | 48 USD | 48 USD | 45 USD | 41 USD |
MARCH | 37 USD | 42 USD | 48 USD | 48 USD |
FEBRUARY | 20 USD | 18 USD | 20 USD | 20 USD |
JANUARY | 25 USD | 23 USD | 25 USD | 20 USD |
Source: Argus Media
MARKET | LOW | HIGH | LATEST | CHANGE |
---|---|---|---|---|
Sulphur Dry Bulk, FOB Middle East (USD/MT) | 55 USD | 59 USD | 57 USD | -2 USD |
Sulphur Dry Bulk, CFR India (USD/MT) | 76 USD | 79 USD | 77.50 USD | -5.50 USD |
Sulphur Lump, Granular, FOB Black Sea (USD/MT) | 37 USD | 50 USD | 43.50 USD | 0.0 USD |
Sulphur Dry Bulk, FOB Iran (USD/MT) | 41 USD | 51 USD | 46 USD | 0.0 USD |
Sulphur Dry Bulk, FOB Vancouver (USD/MT) | 57 USD | 61 USD | 59 USD | -2 USD |
For more information about different grades of Sulphurwhich we are supplying, specifications and enquiry please visit our Sulphur Product Page at the link below
The sulfur market is expected to register a CAGR of over 3%, during the forecast period. Major factors driving the growth of the sulfur market are the rising demand from the fertilizer manufacturing sector and increasing usage of sulfur for the vulcanization of rubber. On the flipside, stringent environmental regulations regarding emissions are expected to hinder the market growth.
Key Market Trends
Increasing Demand from Chemical Processing
About 90% of sulfur produced or extracted is used to make sulfur dioxide, which is then converted to sulfuric acid. The majority of the acid is used in the production of phosphate fertilizers, which is a crucial component of the food and beverage industry.
Increasing agricultural output globally is increasing the demand for sulphuric acid in the global market. By 2026, calorie availability is projected to reach 2,XMR developing countries. This is expected to increase the demand for agricultural crops in the global market, which in turn, may increase the demand for phosphate fertilizers, thus, driving up the demand for sulfur in chemical manufacturing.
According to the Food and Agriculture Organization of the United Nations, the annual demand for sulfur fertilizer is expected to reach around 69 million metric ton, by 2020.
Increasing crop prices have resulted in increasing demand for fertilizers. Additionally, favorable weather has also increased the demand for fertilizers in major agricultural regions.
Such positive factors are expected to drive the sulfur market through the forecast period.
The sulfur market is fragmented in nature, and the top five manufacturers occupy around 30% of the market. The major companies include Sinopec Corporation, Gazprom, The Saudi Arabian Oil Company, Abu Dhabi National Oil Company, and Tengizchevroil LLP, among others.
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Nunc aliquam semper commodo. Nulla porta libero nulla, eget commodo justo lacinia quis. Nulla at sapien eu lectus tempor volutpat rhoncus vitae purus.
Proin tincidunt porta enim, vitae fermentum sem laoreet nec. Nam ut lorem posuere, consectetur erat a, lacinia quam. Aenean sit amet sodales neque, eu imperdiet quam. Praesent congue dictum libero. Curabitur lobortis diam est, eu hendrerit nunc viverra vitae.
Proin tincidunt porta enim, vitae fermentum sem laoreet nec. Nam ut lorem posuere, consectetur erat a, lacinia quam. Aenean sit amet sodales neque, eu imperdiet quam. Praesent congue dictum libero. Curabitur lobortis diam est, eu hendrerit nunc viverra vitae.
Nunc aliquam semper commodo. Nulla porta libero nulla, eget commodo justo lacinia quis. Nulla at sapien eu lectus tempor volutpat rhoncus vitae purus.
Proin tincidunt porta enim, vitae fermentum sem laoreet nec. Nam ut lorem posuere, consectetur erat a, lacinia quam. Aenean sit amet sodales neque, eu imperdiet quam. Praesent congue dictum libero. Curabitur lobortis diam est, eu hendrerit nunc viverra vitae.