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Latest Market News

QatarEnergy raises April sulphur price by $50/t

  • Spanish Market: Fertilizers
  • 01/04/26

State-owned QatarEnergy Marketing has raised its April Qatar Sulphur Price (QSP) to $570/t fob Ras Laffan/Mesaieed.

This marks a record high for the QSP since Argus records began in 2013, with the current level $80/t above the previous high of $490/t fob in August 2022.

The UAE's monthly sulphur price, or official selling price (OSP), which has a longer history, reached a record high of $820/t fob in July 2008. The OSP was set yesterday at $600/t fob for April.

With current freight rates last assessed on 26 March at $56-62/t for a 30,000-35,000t shipment to Chinese ports implies a delivered cost of $626-632/t cfr, with additional insurance premiums raising prices further on delivered basis to cover costs. Some estimate these costs to account for an additional $20/t at minimum, bringing total costs to $646-652/t cfr.

This follows the sulphur supply crunch from the region after the onset of the conflict, with sulphur shipments mostly still left stranded by the effective closure of the strait of Hormuz, with no clear timeline for product deliveries to resume.

By Maria Mosquera

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01/04/26

Chinese amsul exports 'expected to continue'

Chinese amsul exports 'expected to continue'

Bali, 1 April (Argus) — China is expected to keep ammonium sulphate (amsul) exports flowing for now, but quotas could still be introduced, according to market participants. Amsul is the only nitrogen fertilizer still being shipped out of China, after restrictions were placed on exports of other products. Delegates at the Argus Asia Fertilizer conference in Bali said amsul exports are likely to continue. The rationale for amsul possible curbs is far from obvious, as the product has limited domestic use, with China relying primarily on urea and ammonium chloride for nitrogen. Standard-grade amsul — largely produced as a by-product of caprolactam — remains a key revenue stream for producers as caprolactam costs continue to rise as the Middle East war continues. Any disruption to exports would lead to storage constraints and increase the financial pressure on producers, market participants said. China's has around 25mn t/yr of amsul capacity and exported just over 21mn t in 2025. Domestic caprolactam operating rates are currently at 80pc. The government halted customs inspections for exports of NK fertilizers on 13 March and ammonium chloride and UAN on 25 March . Urea is routinely subject to customs inspections. But urea exports are currently halted and it is unclear when regular shipments will resume. By Dinise Chng and Upasruti Biswas Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

SE Asia producers launch fertilizer association

01/04/26
01/04/26

SE Asia producers launch fertilizer association

Singapore, 1 April (Argus) — State-owned Indonesian fertilizer producer Pupuk Indonesia, state-owned Malaysian fertilizer producer Petronas, and Bruneian fertilizer producer Brunei Fertilizer Industries (BFI) have announced the formation of the Southeast Asia Fertilizer Association at the Argus Asia Fertilizer Conference in Bali today. The association aims to address regional fertilizer-related issues through a formal industry body and to present a more unified voice on market and policy developments. This includes strengthening food security in the region and to support low-carbon, sustainable agricultural production, said Rahmad Pribadi, chief executive of Pupuk Indonesia. Southeast Asia faces mounting challenges in agriculture, including emissions linked to rice cultivation, which accounts for around 1pc of the global carbon dioxide emissions output. The association aims to promote best practices among farmers in the region, particularly in rice production, said Dr Harri Kiiski, chief executive of BFI. The group will also focus on safeguarding fertilizer supply across the region and supporting a more stable market environment, including for urea in the Asia Pacific region. By Dinise Chng, Huijun Yao Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Lanxess raises sulphur-based product prices by 40pc

31/03/26
31/03/26

Lanxess raises sulphur-based product prices by 40pc

London, 31 March (Argus) — German chemical manufacturer Lanxess is raising its prices for sulphur-based products from its Industrial Intermediates business unit by an average of 40pc. The increase will take immediate effect and affect products such as ultra pure sulphuric acid, alongside other inorganic acids supplied to semi-conductor, lithium batteries and agrochemicals, among other applications. The company cites geopolitical tensions for the higher prices, alongside higher costs for logistics and energy. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Abu Dhabi's Adnoc raises Apr sulphur price by $70/t

31/03/26
31/03/26

Abu Dhabi's Adnoc raises Apr sulphur price by $70/t

London, 31 March (Argus) — Abu Dhabi's state-owned Adnoc has set its April sulphur official selling price (OSP) for the Indian subcontinent at $600/t fob Ruwais, up by $70/t from its March OSP. Much of the Middle East's export supply has been shut in by the effective closure of the strait of Hormuz since the start of the regional war on 28 February, accounting for almost 50pc of global seaborne sulphur movements. This has raised delivered prices significantly in the past few weeks, and while spot trading is thin amid a lack of availability, some buyers are willing to pay higher prices to secure limited supply. This applies particularly to metals industry consumers with more margin at current prices compared with fertilizer producers. Adnoc's April OSP implies a delivered price of $636-638/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $36-38/t on 26 March. Additional costs such as insurance premiums on top of higher bunker costs elevate delivered price levels further in addition to lower product availability. Freight costs have risen by 118pc since the onset of the conflict from $16-18/t on 26 February, excluding insurance cost increases. While Middle East sulphur supply is at the moment subject to higher insurance costs and delivery times are uncertain, some buyers are still willing to book from the region to ensure raw material supply moving forward, with the current tightness expected to persist even after the conflict is resolved because of damage to some production sites and the increasing shipment delays on earlier sales. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Australia forms fertilizer body to tackle supply woes

31/03/26
31/03/26

Australia forms fertilizer body to tackle supply woes

Sydney, 31 March (Argus) — Australia's federal government has announced a new body to manage the impacts of the US-Iran war on fertilizer imports, while easing costs on agricultural exporters by delaying the imposition of a new charge. The fertilizer supply working group will combine key government agencies and industry organisations Fertilizer Australia and the National Farmers Federation (NFF), agriculture minister Julie Collins said today. The group will work on securing access for Australia's sizeable agriculture sector, which sources about two-thirds of its urea from the Middle East , where the strait of Hormuz is effectively closed due to missile and drone strikes on shipping. Additional tasks for the group include working with the competition regulator to co-ordinate and monitor supply and finding alternative sources where possible. The announcement comes a day after Canberra moved to pass laws allowing government agency Export Finance Australia (EFA) powers to underwrite additional cargoes of critical imports , including fuel and fertilizer, because rising risk premiums are challenging independent importers. Cost recovery charge deferred A full-cost recovery model for regulatory services, to be implemented for agricultural exporters, due to be brought in from 1 July will now be deferred by a year to ease costs on the sector, Collins said. The NFF welcomed the measures and said it would lobby for fair long-term cost recovery settings that would not undermine Australia's agricultural competitiveness. Sufficient urea exists in Australia, a major grain exporter, to cover the upcoming winter crop's pre-seeding application, but more imports are needed for topdressing applications starting in June, market sources said. Argus last assessed granular urea at A$1,350-1,420/t ($924-972/t) fca Geelong on 26 March, a A$90 increase on a week earlier. By Tom Major Global urea prices ($/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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