Sulphur 405 Mar-Apr 2023
31 March 2023
Price Trends
MARKET INSIGHT
Meena Chauhan, Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.
SULPHUR
Latest in Outlook & Reviews
The global market for sulphuric acid
The sulphuric acid market is seeing a contraction due to lack of sulphur availability, demand destruction in the phosphate sector and restricted Chinese exports.
Middle East phosphate production
Ambitious expansion plans face exposure to trade route disruption.
Market Outlook
• The global sulphur market outlook is flat to soft in the near term: most
Price Trends
Most key sulphur import markets remained stagnant in late August due to weak demand. A premium is being paid for cargoes with guaranteed delivery schedules, driven by ongoing logistical risks in the Middle East. This has firmed prices in North America and Indonesia, but the potential return of supply from Russia and Kazakhstan may add some downward pressure.
The outlook for low carbon hydrogen
The scale up of low carbon hydrogen has proved slower, more selective and more geographically concentrated than the ambitious plans announced earlier in the decade had anticipated.