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In July 2026, sulphur, the key hazardous raw material for phosphate fertilizers, hit an all-time price record. ADNOC set July sulphur official selling price for India at $1,000/ton FOB, up $140 month-on-month and breaking the 2008 historical high.

Global hazardous chemical market stays tight in late June 2026, with prices set to keep rising in June and July. Strait transit limits, factory maintenance, high shipping costs and seasonal demand jointly cause material shortages and price spikes across fertilizer raw materials, polyurethane materials and electronic specialty gases.

The global market for hazardous chemicals faces tight supply, with prices poised to keep climbing through June and July amid multiple supply-side disruptions.

India is now prioritizing the evacuation of fertilizer-laden bulk carriers stranded in the Persian Gulf. Following a sudden shift in Lebanon’s security situation, Iran announced strait access restrictions. Coupled with the conclusion of a peace accord, these developments bring a mixed bag of advantages and challenges for India.

Kuwait Petroleum Corporation (KPC), Kuwait’s state-owned sulphur producer, has set the FOB price of Kuwait sulphur for June at $805 per ton, representing a $40 per ton increase from the May FOB price of $765 per ton.