Key Factors Influencing Global Sulfur Prices and Forecast for 2026

The global sulfur market is a critical component of the chemical and fertilizer industries. As a primary byproduct of hydrocarbon processing, its availability is closely linked to the production of gasoline and diesel.

Factors Affecting Sulfur Prices

• Phosphate Fertilizer Demand: Since sulfur is essential for sulfuric acid production, the agricultural cycle in India and China remains the primary price driver.

• Refinery Output: Changes in the production of base oil and bitumen often reflect the overall activity of refineries, which impacts sulfur recovery volumes.

• Environmental Regulations: Stricter IMO regulations on shipping fuels have altered the supply dynamics of high-sulfur products.

Dominant Countries in the Market

Saudi Arabia and the UAE are the leading exporters, while China remains the world’s largest consumer. Russia’s supply remains a wildcard due to ongoing geopolitical tensions affecting global logistics.

Sulfur Price Forecast 2026

Experts predict that by 2026, the market will find a new equilibrium. While new refinery projects in the Middle East will increase supply, the “Green Energy” transition—specifically the demand for high-purity sulfur in EV batteries—will prevent a significant price drop. The estimated range for 2026 is $215 – $390 per metric ton.

Further Reading: Explore our detailed sulfur articles including the application of various types of sulfur and application of petroleum products. For technical specs, check sulfur analysis and product pages for lumpy sulfur.