Global sulfur prices have spiked to $800 per metric ton as the Iran conflict effectively halts shipments through the Strait of Hormuz, threatening a quarter of the world's supply.
Sulfur prices have surged from $500 to over $800 per metric ton due to severe supply chain disruptions caused by the Iran conflict. With 24 percent of global sulfur supply historically transiting the Strait of Hormuz, the Iranian government's assertion of control over the waterway has effectively halted shipments, creating a critical supply shortage for industrial and agricultural sectors.
The price was approximately $500 per metric ton.
Approximately 24 percent of the world's supply.
Sulfur prices have climbed from $500 to over $800 per metric ton as geopolitical tensions in the Strait of Hormuz choke global supply chains. With 24 percent of the world's sulfur previously transiting the region, the current blockade threatens critical industrial and agricultural sectors.
Prices are surging because the Strait of Hormuz, a critical transit route for 24% of global sulfur, is effectively blocked due to the ongoing Iran conflict.