Indonesia
CFR prices fell from $1,050–$1,060/mt last week to $960–$970/mt. The market referenced a transaction for 50,000 mt of Canadian material loading in October at $950/mt CFR. Two additional cargoes of Canadian origin were reportedly sold at similar levels, indicating that the Vancouver price point is reproducible.
State-owned fertilizer company Pupuk Indonesia has not yet awarded its September 15 tender for 55,000 mt of granulated sulfur destined for subsidiary Petrokimia Gresik. The shipment period is set for October–December, with the first cargo scheduled to arrive in late October.
India
CFR prices retreated from $1,040–$1,060/mt to $960–$980/mt. Low-priced transactions in other regions have suppressed Indian buyers’ psychological price expectations. Non-traditional Middle Eastern suppliers offered cargoes to producers on India’s east coast at $1,040–$1,050/mt CFR, but no deals materialized due to wide bid-ask spreads.
The CFR range for crushed lump sulfur narrowed to $920–$930/mt (from $900–$950/mt last week). Fertilizer producers are prioritizing domestic sulfur procurement; refinery ex-factory list prices stand at INR 111,300/mt (equivalent to $1,163/mt before discounts). Both imported and domestic sulfur qualify for government subsidies.
Malaysia
State trader Petco concluded its September 18 tender for 10,000 mt of granulated sulfur without announcing award results; Indonesian buyers bid around $1,100/mt CFR. Loading was planned for October 3–5 at Pengerang port.
Import demand remains sluggish in Malaysia. Locally sourced Pengerang material is being delivered to domestic buyers at an equivalent price of $1,000–$1,050/mt. While sugar industry demand is relatively stable, buyers prefer domestic supply.
Singapore
ExxonMobil’s September 23 sales tender was reportedly awarded to Southeast Asian buyers at $975–$990/mt FOB, though this information remains unconfirmed. The tender covered 7,000 mt of granulated sulfur with a loading window of October 14–18 in Singapore.
Iran
FOB prices in Iran saw their upper band revised downward, falling from $750–$850/mt to $750–$800/mt, reflecting weakening demand.
Jordan
Inquiries emerged this week for 20,000 mt of bulk sulfur, shipping from Poti, Georgia, to Aqaba, with a laycan period of September 28–October 3.
Kuwait
Some shipments originally scheduled for September have been deferred to October.
Oman
A spot sales tender closing on September 22 for 35,000–40,000 mt was reportedly awarded to traders at prices approximately $150/mt above monthly Middle East offers. This premium reflects freight and cost advantages associated with non-Hormuz Strait loading ports.
Qatar
Sulfur loadings continue but have slowed due to production outages, limiting September volumes. Some allocated quotas have been rolled over into October.
Saudi Arabia
Small-scale loadings (around 10,000 mt) continue from Yanbu and Rabigh ports. No offers are currently available from Jizan.
No sulfur shipments occurred from Jubail Port in August. In September, only one vessel loaded 27,000 mt, and there are no offers for October. It is expected that sulfur storage facilities will be utilized to hold output that cannot be shipped in a timely manner.
United Arab Emirates
Two sulfur carriers recently transited the Strait of Hormuz: Pangeo (57,000 dwt) departed on September 18 bound for Richards Bay, South Africa; An Da Hai (80,000 mt) sailed this week towards Paradip, India.
Morocco
OCP faces constraints on sulfur supply, preventing it from ramping up phosphorus pentoxide ($P_2O_5$) capacity. Current operating rates stand at only 50–60%.
Tunisia
Only five sulfur arrivals have been tracked so far in 2026, with the most recent vessel arriving on September 9. Compared to 2025, Black Sea-origin cargoes are completely absent this year. All arrivals have originated from Ruwais, UAE, and the US Gulf Coast.
Libya
The 8,961-dwt vessel Ebru arrived at Melita Port to load the second batch of 8,000 mt of granulated sulfur under NOC’s latest tender. The first batch had a laycan of September 16–18, while the second batch is scheduled for September 27–29.
Egypt
NOC is negotiating two tenders for 8,000 mt each destined for Egypt. Buyers’ psychological target lies in the mid-to-high $1,000s per tonne CFR, but no deals have been confirmed. Small quantities of refinery sulfur are circulating domestically, priced according to formulas or long-term contracts.
Brazil
CFR prices dropped from $1,000–$1,145/mt last week to $985–$1,000/mt as both bids and offers shifted lower. No confirmed trades have been reported. Rumors suggest a transaction well below the assessed range, but details could not be verified by press time. Despite offers dropping to around $1,000/mt CFR, downstream buyers remain reluctant, viewing this level as still unfeasible. Import demand is weak, with major players drawing down inventories, reducing operating rates, and avoiding imports. Market rumors indicate that Unigel has restarted sulfur burning units for acid production, though this remains unconfirmed.
European fertilizer producer EuroChem announced temporary layoffs at its Serra do Salitre plant in Minas Gerais, Brazil, on September 21. Operations continue at reduced capacity, with some units undergoing maintenance. Official figures regarding the extent of production cuts have not been disclosed.
Canada
FOB prices declined from $950–$1,050/mt to $870–$950/mt. Canada continues to impact global markets with low-priced exports. Over the past few weeks, at least three cargoes with September–October loading windows were sold to end-users within the current assessed range, exerting continued pressure on Middle Eastern supply pricing.
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