Kuwait's state-owned sulphur producer KPC has set its February Kuwait Sulphur Price (KSP) at $520/t fob Kuwait, up by $4/t from the January KSP.
The February KSP implies a delivered price to China of $542-547/t cfr at current freight rates, which were assessed on 29 January at $22-24/t to south China and at $26-27/t to Chinese river ports for a 30,000-35,000t shipment.
Singapore, 2 February (Argus) — Sulphur imports into Indonesia surged to 5.35mn t in 2025, up by 48pc from 3.62mn t a year earlier, according to the latest Global Trade Tracker (GTT) data. Indonesia is the world's third-largest sulphur importer after China and Morocco. The sharp rise in demand was driven largely by two newly commissioned sulphur burners by battery materials producer QMB New Energy Materials, which together require around 553,000 t/yr of sulphur at full capacity. Higher sulphur burning activity, combined with difficulties in securing sulphuric acid import permits, pushed buyers with the flexibility to switch between the two raw materials toward more sulphur purchases despite steadily rising prices throughout the year. Argus assessed cfr Indonesia granular sulphur at $547/t on a midpoint basis on 18 December 2025, up by $360/t or 193pc from the start of the year. A perfect storm of geopolitical uncertainty linked to sanctions and tariffs disrupting trade flows, alongside lower sulphur output from key supply regions, lent further support to prices across 2025. Sulphur deliveries increased from most major origins in 2025. Imports from Saudi Arabia and Qatar climbed to 1.76mn t and 930,500t respectively, up from 1mn t and 418,000t in 2024. Canadian shipments also rose by 36pc on the year to 514,500t, because higher prices widened arbitrage opportunities and a Middle East supply deficit boosted the competitiveness of Canadian sulphur. Sulphuric acid imports fall Indonesia's sulphuric acid imports fell by 3pc on the year to 1.09mn t in 2025. Ongoing challenges in obtaining import licences kept many buyers out of the market and encouraged some usual sulphuric acid buyers, like QMB New Energy Materials, to lean more on sulphur instead, given that sulphur imports do not require licences. Sulphuric acid imports from South Korea and Japan fell sharply by 40pc and 65pc respectively to 172,000t and 105,900t, GTT data show, because persistently low treatment and refining charges (TC/RCs) for copper concentrates squeezed margins and curbed smelter operating rates. But imports from China more than doubled to 670,300t because revenue from by-products including sulphuric acid helped cushion falling copper margins and kept Chinese smelters running at high utilisation rates . By Deon Ngee Indonesian sulphur imports 2025 ('000t) Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 1 February (Argus) — State-owned QatarEnergy Marketing has raised its February Qatar Sulphur Price (QSP) to $520/t fob, up by $3/t from $517/t fob Ras Laffan/Mesaieed for January. The February QSP implies a delivered price to China of $542-547/t cfr at current freight rates, which were assessed on 29 January at $22-24/t to south China and at $26-27/t to Chinese river ports for a 30,000-35,000t shipment. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Singapore, 30 January (Argus) — Vietnam's state-owned fertilizer producer PFVCCo has sold 45,000t of prilled urea at around $460/t fob this week for early March shipment. There were unconfirmed reports of the deal late on Thursday. The producer is still in the market, offering limited volumes of prilled urea for export in containers, with target sale price levels heard at $490-500/t fob. Vietnamese urea sales have picked up, with market participants estimating that domestic producers Ninh Binh and Ha Bac have collectively sold around 100,000t of prilled urea for loading in January-February, while Ca Mau has sold around 100,000t of granular urea. Most of the traded product will likely be heading to India under the NFL's 2 January tender or perhaps to other deep-sea markets. Meanwhile, domestic urea demand in Vietnam was muted, leaving producers stuck with high inventories. Suppliers are trying to raise local prices, but buying interest was limited. Demand is likely to rise after the lunar new year holidays. Domestic prices for Ninh Binh prilled urea were last heard around 12,000 dong/kg ($460/t) ex-warehouse. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 29 January (Argus) — Turkish refiner Tupras' monthly 8,000t sell tender closes on Friday, with loading in mid-February. Tupras usually runs the tender on a monthly basis for exported sulphur volumes out of its Izmir refinery. Tupras' last export tender closed on 16 December at $455/t fob. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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