Kuwait's state-owned sulphur producer KPC has set the July Kuwait Sulphur Price (KSP) at $950/t fob Kuwait, up by $145/t from the June KSP of $805/t fob.
Freight rates as of 2 July were $108-116/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $1,058-1,066/t cfr, with additional insurance premiums raising prices further on a delivered basis.
This is a record level for the KSP, at $460/t above the previous record set at $490/t fob in June 2022.
London, 1 July (Argus) — Indian importer Coromandel has agreed a price of $1,700/t P2O5 cfr India with 30 days credit for third-quarter phosphoric acid deliveries with Jordanian producer JPMC. The price is up by $340/t P2O5 from the second quarter, largely driven by firm sulphur prices. Prices for dry bulk sulphur to India rose by 49pc over the second quarter. By Tom Hampson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 1 July (Argus) — Abu Dhabi's state-owned Adnoc has set its July sulphur official selling price (OSP) for the Indian subcontinent at $1,000/t fob Ruwais, up by $140/t from its June OSP. This is the highest level so far for the OSP, according to Argus records, $180-200/t above the previous record reached in June-August 2008, when the OSP hit $800-820/t fob. Adnoc's July OSP implies a delivered price of $1,105-1,108/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $105-108/t on 25 June. Additional costs such as insurance premiums on top of higher bunker costs could elevate delivered price levels further. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Sydney, 1 July (Argus) — Australian explosives producer Dyno Nobel has sold its 769,000 t/yr Phosphate Hill plant to Australian energy and resources firm Mayfair for A$1 (0.69¢), with support from federal and state government loans, the company said on 1 July. Phosphate Hill is Australia's only MAP/DAP production plant and has recently faced issues with sulphuric acid supply , as well as rail disruptions on the Mount Isa line , which transports product to the Port of Townsville. The sale agreement was signed on 30 June. Dyno Nobel likely sold Phosphate Hill for a nominal A$1 as part of its plan to divest from the fertilizer sector, with the plant facing ongoing operational and cost pressures . The Australian federal and Queensland state governments have provided a A$160mn loan to support operations at Phosphate Hill, the Ministry for Industry and Innovation said. The loan will help Mayfair to upgrade the facility and includes assistance to manage higher sulphur costs following the US-Iran war. Australia imports 99pc of its sulphur from Canada, according to the Australian Bureau of Statistics (ABS). Argus -assessed sulphur at $1,150/t fob Vancouver on 25 June, up by 136pc from 26 February. Production at Phosphate Hill fell by 9pc on the year to 272,800t in the financial half year to 31 March 2026. MAP/DAP exports from the Port of Townsville were flat on the year at 116,700t in the same period, trade data from ABS show. Exports in January-April dropped by nearly 100pc on the year to 43t. Australian agribusiness Ridley held a supply agreement for all MAP/DAP output from Phosphate Hill through Incitec Pivot Fertilizers before the sale and plans to renegotiate this deal with Mayfair . Ridley did not respond to requests for comment by the time of publication. Argus last assessed MAP/DAP at $883-933/t fob Townsville on 25 June. Dyno Nobel reported net emissions of 446,062t CO2 equivalent to scope 1 emissions from Phosphate Hill in the financial year ending 30 June 2025, after surrendering 26,089 Safeguard Mechanism Credits. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 30 June (Argus) — State-owned QatarEnergy Marketing has raised its July Qatar Sulphur Price (QSP) by $85/t to $890/t fob Ras Laffan/Mesaieed from $805/t fob in June. Freight rates as of 25 June were $125-140/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $1,015-1,030/t cfr, with additional insurance premiums raising prices further on a delivered basis. Vessel traffic through the strait of Hormuz has recovered in June, with more than 800,000t from previously loaded Middle East sulphur shipments crossing the strait, according to Argus estimates, and the majority under earlier sales or contracts. This has eased the most extreme stock shortages among major consumers, but the market remains very short due to delivery delays and production outages. Spot availability is limited to 2-3 Middle East shipments in trader hands. The number of LNG vessels holding positions near Ras Laffan have spurred optimism that QE could be preparing for a production ramp-up at the terminal following drone attacks and damage to the production facility. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more