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
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.
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.
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.
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
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.
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.
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.
Sulfur Dioxide (SO2) is a heavy, colourless and poisonous gas classed as an inorganic compound. It has a distinct choking, pungent and irritating odour. It is used for producing chemicals in food and metal processing along with the paper pulping industry.
|Product Name||Sulphur Dioxide|
|Industrial Uses||Manufacturing chemicals as a disinfectant and preserving in breweries and food/canning, in the textile industry, in metal and food processing, in paper pulping, and batteries.|
|Synonyms||sulfur dioxide, sulphur dioxide, Sulfurous anhydride, 7446-09-5, Sulfurous oxide|
|HS Code||28112905 or 90271000|
|Molecular Weight||64.07 g/mol|
|Supplier Database||BASF, INEOS CALABRIAN, DowDuPont, Nutrien, Shell Canada, Yara International, Calabrian, Zhejiang Jihua Group, PVS Chemicals, Allied Universal, Carus Group, DX Group, Praxair Technology, Mil-Spec Industries Corp, Metorex Limited, Goro Nickel S.A.S., and Votorantim Metais.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Sulfide ores like copper sulfide (CuS) or zinc sulfide (ZnS) are subjected to a roasting process in the presence of oxygen. This roasting step facilitates the oxidation of sulfur within the ores, leading to the creation of sulfur dioxide (SO2) gas. The resulting sulfur dioxide can be collected and undergo further processing.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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