Sulphur demand losses for production of phosphoric acid are forecast at 2.2 million t/a in 2020. Factoring in demand gains in markets such as Morocco, the sector is expected to see a drop of 800,000 t/a in 2020. Recovery is forecast from 2021 with a 2 million t/a increase forecast.
Meena Chauhan , Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.
How the macro market responds to the coronavirus pandemic over the months ahead and governmental response in different parts of the globe will likely have a lasting impact on the outlook for the sulphur market.
Meena Chauhan, Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.
Middle East supply will return to normal at the start of the second quarter with bottlenecks in the UAE and maintenance in Saudi Arabia at an end. But this is unlikely to result in lower Middle East f.o.b. prices until the second half of April, if not early May. This is because buyers who found it hard to find March loading cargoes will snap up any April product as soon as it’s made available.
Claira Lloyd, Sulphur Editor and Sulphur Fertilizers Team Leader, Argus Media, assesses price trends and the market outlook for sulphur.
How the processed phosphates market develops over the coming months will be a major factor for the short term outlook for sulphur trends. Improvement is anticipated in the phosphates market from around mid-2020 which may help to support sulphur demand and in turn pricing.
Meena Chauhan , Head of Sulphur and Sulphuric Acid Research, Argus Media, assesses price trends and the market outlook for sulphur.