Sulphur Dioxide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Sulphur Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sulphur Dioxide Price Trend for the First Half of 2023

Asia

The price trend of sulphur dioxide oscillated throughout the first quarter. Initially, the trend suffered from the falling feedstock cost, weak movement of the Asia-Pacific market, and ample availability of the product in the market. But as the quarter progressed, the market activities rose after the Lunar holidays and were set on the path of their recovery, depicted by the rise in the demand from the water treatment and chemical synthesis industries. But soon, the price trend of sulphur dioxide took a bearish turn as the second quarter suffered from a rise in the level of inventories.

In addition to this, the slow cost of feedstock materials and high uncertainties in the prices of crude oil also hampered the price trend of sulphur dioxide and eventually caused it to move downwards.

Europe

The weak cost of feedstock materials and high uncertainties in the market dynamics in Europe exerted a negative effect on the price trend of sulphur dioxide in the first and second quarters of 2023. From the perspective of the downstream industries, the European market observed low interest from buyers in sulphur dioxide and its derived products, which lowered the number of orders from the downstream industries. In addition to this, investors were also reluctant to invest in this sector, and thus, the price trend of sulphur dioxide fell in the first half of 2023.

North America

In the first quarter of 2023, the price trend of sulphur dioxide was adversely affected by the steep fall in consumption rates by the downstream industries and the high level of stocks of the product in the market. Additionally, the oscillations in the crude oil prices, which caused the manufacturers to reduce their production costs, hampered the growth of the sulphur dioxide price trend in the second quarter. As observed in the first quarter, the feedstock cost, subdued demand, and overall weak fundamentals of the market affected the price trend of sulphur dioxide negatively.

Analyst Insight

According to Procurement Resource, the price trend of Sulphur Dioxide is estimated to showcase a southwards trajectory as the demand from the downstream industries and cost of feedstock materials do not seem to support the growth of the sulphur dioxide market.

Sulphur Dioxide Price Trend For the Second Half of 2022

North America

The second half of 2022 witnessed a plunging price trend for sulphur dioxide in the North American region, mainly on the back of frail demand from the downstream industry (fertilizer). The Russia-Ukraine war further worsened the situation of the sulphur dioxide market as the foothold of the fertilizer industry wavered. Constrained and overtly saturated supply chains and ports further weighed heavily on the sulphur dioxide price trend in the second half of 2022.

In the fourth quarter of 2022, the sulphur dioxide price trajectory stayed bearish owing to the lackadaisical market sentiments and the inflationary sniffling, among other miscellaneous dynamics in the North American region. Moreover, on the arrival of the colder waves in the winter season in the region, the application of sulphur dioxide as a refrigerant tumbled down. This further pulled the strings of the sulphur dioxide price trend in North America. Additionally, supply abundance and lulled demand brought the prices down.

Asia

The Sulphur Dioxide prices remained unstable to a weaker end throughout the second half of 2022. The primary reasons for the negative movement in the sulphur dioxide market in the Asia-Pacific region came from unstable demand dynamics from the downstream industries, further agitated by the Russia-Ukraine war. Moreover, the excess supplies from Europe and many Asian countries rendered the prices of sulphur dioxide a heavy blow. Additionally, the decreased feedstock production cost of sulphur and the enervated demand quotient of the downstream sulphuric acid further pushed the prices for sulphur dioxide down in the second half of 2022 in the Asian region.

Europe

The sulphur dioxide prices in the European region were recorded to recede in the second half of 2022. The primary reasons could be pinned on the rising inventories, dwindling demand from the downstream industries, and overall general demand among end users. Additionally, the dip in crude oil prices (feedstock)knocked the sulphur dioxide prices down in the region.

On the trade front, the pervasive and wide-ranged aftermath of the Russia-Ukraine war also caused uncertain and bearish sentiments for the sulphur dioxide market. Furthermore, the enfeebled sulphuric acid prices and the freight charges contributed to the dropping price trend for sulphuric acid and the surplus inventory.

Procurement Resource provides latest prices of Sulphur Dioxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.