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QatarEnergy raises May sulphur price to $740/t

  • Mercados: Fertilizers
  • 30/04/26

State-owned QatarEnergy Marketing has raised its May Qatar Sulphur Price (QSP) to $740/t fob Ras Laffan/Mesaieed.

This marks a record high for the QSP since Argus records began in 2013, with the current level $250/t above the previous high of $490/t fob in August 2022.

Current freight rates last assessed at $116-122/t on 23 April for a 30,000-35,000t shipment to Chinese ports implies a delivered cost of $856-862/t cfr, with additional insurance premiums raising prices further on delivered basis to cover costs.

This steep increase follows the sulphur supply crunch from the region because of the onset of the conflict, with sulphur shipments mostly still left stranded by the effective closure of the strait of Hormuz.

Middle East sulphur production is at well below usual levels as a result of damage to infrastructure, including Qatar's Ras Laffan gas plant where the majority of Qatari sulphur is produced, and dwindling storage space. Sulphur loadings continue at a much reduced rate.


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