Downstream phosphate production is expected to climb, with further sulphur price recovery expected. Overall, global demand remains lacklustre as downstream demand has yet to increase substantially in key markets and sulphur availability from most origins is ample.
Over the last six months, climate and geopolitical events have disrupted seaborne trade. A record drought in Panama and the unprecedented intensity of attacks on commercial ships by the Houthi rebels in the Red Sea are straining the freight market. Almost 150 ships have been targeted along the latter trade route since the first attack was registered to a non-commercial ship last year.
As refiners adapt to the transition to a lower carbon economy, different strategies are likely to impact upon sulphur output.
Morocco’s OCP is continuing to expand its phosphate fertilizer production capacity. This includes the construction of new sulphur-burning acid capacity to support phosphate production and provide carbon-free power.
Sulphur plays an important role in crop nutrition. Indeed, sulphur is increasingly being recognised as the fourth major crop nutrient alongside N, P and K. However, a combination of intensive agricultural practices, increasing application of high-analysis fertilizers and tighter air quality regulations has led to increasing sulphur deficiency in soils. In this insight article, CRU’s Peter Harrisson looks at what’s driving sulphur deficiency and whether there’s a gap in the market for sulphur fertilizers.
CRU and UniverSUL Consulting, together with the event host, ADNOC, are delighted to welcome you back for MEScon 2024 at the Conrad Abu Dhabi, Etihad Towers from 20 to 23 May 2024.
The Sulphur Institute (TSI) held its World Sulphur Symposium in Charleston from April 2nd to 4th.
Sulphur prices reached a low point in mid-February, with buyers looking to the tender from Muntajat as well as the return of Chinese buyers following the Lunar New Year holiday for the direction that the market would turn. CMOC’s 5 February tender for 40,000 tonnes of sulphur for early-April arrival was indicated awarded in the upper $90s/t c.fr on supply from the FSU, though details were not confirmed.
Qatar construction services company UCC Holding has signed a memorandum of understanding with the Kazakh Ministry of Energy for a gas treatment plant at the Kashagan field with a capacity of 6 billion cubic meters as part of the Phase 2B expansion. The memorandum was signed by Minister of Energy Almassadam Satkaliyev and Mohamed Moutaz Al Khayyat, chairman of UCC Holding.
Falling volumes of sulphur from refining and sour gas could turn Europe into a sulphur importer.