Sulfur futures surged to record highs above CNY 6,700 per tonne, as the Middle East conflict disrupted a critical part of the fertilizer supply chain. Nearly half of the global sulfur supply originates from countries in the region, and the effective closure of the Strait of Hormuz has severely constrained flows, creating shortages just as demand rises ahead of the spring planting season. Sulfur is a key input for producing sulfuric acid, which is essential in phosphate fertilizers used for crops like soybeans and corn. Even before the conflict, supplies were already tight due to strong demand from the mining industry, which uses sulfuric acid for metal extraction, and ongoing export restrictions from key producers such as China and Russia. With phosphate producers now competing with industrial buyers for limited sulfur supply, some production has already been curtailed, and inventories are at risk of being depleted, raising the likelihood of further disruptions across markets.
Sulfur rose to 6,733.33 CNY/T on April 7, 2026, up 0.50% from the previous day. Over the past month, Sulfur's price has risen 47.99%, and is up 170.31% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Sulfur reached an all time high of 6733.33 in April of 2026. This page includes a chart with historical data for Sulfur. Sulfur - data, forecasts, historical chart - was last updated on April 7 of 2026.
Sulfur rose to 6,733.33 CNY/T on April 7, 2026, up 0.50% from the previous day. Over the past month, Sulfur's price has risen 47.99%, and is up 170.31% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Sulfur is expected to trade at 6826.29 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7238.01 in 12 months time.