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Shipping Disruptions in Hormuz Strait Tighten Sulfuric Acid Supplies, Pushing Prices Up

Published: Mar 27, 2026 14:41
Disruptions to shipping routes and the Strait of Hormuz are tightening sulfuric acid supplies. The Middle East accounts for about 24% of global sulfur output, with nearly 40% of seaborne sulfur passing through Hormuz. Chile’s main suppliers—China, Peru and South Korea—are affected, pushing spot prices up nearly 20% since early 2026. Chile is advancing domestic smelter projects to reduce import reliance and secure supply.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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