The Sulphur market in the Middle Eastern and European regions is experiencing stability at a higher end at the start of February 2025. The current market sentiments of Sulphur can be associated with the Middle Eastern Sulphur market remaining stable at high levels due to Adnoc’s decision to roll over prices for February, with no seasonal plantation demand affecting quotations. Similarly, the German Sulphur market remains strong due to ongoing supply shortages, which were further worsened by a refinery fire.

The Sulphur market in the Middle Eastern market has witnessed stability in its trend at a higher end. The stable market sentiments can be attributed to the decision made by Abu Dhabi’s Adnoc to roll over Sulphur prices in February. Therefore, the market players continued to maintain their unchanged quotations resulting in stable market sentiments amid the absence of the plantation season in the Middle Eastern markets, resulting in the limited demand for the commodity from the downstream agrochemical sector.

Similarly, the German Sulphur market is also maintaining its stability at a higher end, reflecting bullishness in its trend. The bullishness is attributed to the persistent supply-tightening of Sulphur. Moreover, a fire broke out at the Neustadt section of Bayernoil's refinery in Germany on January 16. Because of this, they had to stop loading products from that section. The next day, they restarted loading some products, but Sulphur shipments are still on hold and might not resume until late February.

Bayernoil had already planned maintenance at the whole refinery in March, which would shut down the Vohburg section and partially shut down Neustadt. It's unclear if the fire will change these plans. 

Meanwhile, another German refinery, PCK, is trying to avoid problems caused by an upcoming rail track closure near Berlin, which could disrupt its operations. 

Also, the Miro refinery in Karlsruhe had a problem with one of its crude distillation units on January 21. This has caused a 30% drop in overall production and a 25% drop in Sulphur output, which is expected to last for at least four weeks.

Hence, these issues further continued to impact the production rate of Sulphur and provided support to the ongoing bullish market sentiments in the commodity.

As per ChemAnalyst, Sulphur prices are likely to remain steady in the near term, as market conditions currently support stability. However, demand in delivered markets has been relatively weak. As demand continues to soften, buyers and sellers may become more active in negotiating and closing deals. This could increase the number of transactions. Essentially, once demand declines further, market participants may adjust their pricing strategies, leading to a potential shift in price trends. Until then, prices are expected to hold firm due to the ongoing balance between supply and demand.