Liquid Sulphur Dioxide Pricing Report

Liquid Sulphur Dioxide Prices December 2023

In Asia Pacific, there has been strategic destocking from suppliers who are looking to align with the emerging demands from downstream industries. This approach decreases the current inventories in concordance with the current demand that comes from the different industrial sectors and end users. Moreover, the Food and Beverage industry is showing strong and positive demand trends, but the Sulphuric Acid market is declining due to decreased fertilizer production in the key industries. This disjunction brings to the fore a significant difference in patterns of demand with one of the sectors rising and the other facing diminishing demand pressures.

Currently, the price of Liquid Sulphur Dioxide is 182 USD/MT, with a drop of 15.78 % related to the previous periods. The fall off underscores the uncertainty of the market conditions and the constant adjustment of players to the changing consumer dynamics in the Asia-Pacific region.

Liquid Sulphur Dioxide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Liquid Sulphur Dioxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of liquid sulphur dioxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing liquid sulphur dioxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Liquid Sulphur Dioxide Market Analysis

The global liquid sulphur dioxide market size reached 1137.8 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 1978.6 Thousand Tonnes, at a projected CAGR of 6.30% during 2023-2032.

• Liquidic Sulphuric Acid is a major component of several industrial operations that are chemical synthesis and purification and wastewater treatment. As per the data from the United States Environmental Protection Agency (US EPA), the chemical industry is the greatest consumer of sulfur dioxide, accounting for around 70% of the total sulfur dioxide generated. Besides, its versatility is applicable in the food processing industry where it is used as a preservative and in water treatment where it is enlisted as a disinfectant. The value of sulfur dioxide applications as reliable and effective means makes industrial sector to maintain the demand which is a vital part of the stability of the market.
• The United States witnessed the immense benefit of the Clean Air Act by reducing sulfur dioxide emissions. These measures accelerated the adaption of emission control systems and the utilization of the clean fuel, which brings about a significant drop in sulfur dioxide emissions into the atmosphere. For instance, as reported by 2020 report commissioned by NRDC, the annual benefits of Clean Air Act programs prevented 370,000 premature deaths.
• Liquid Sulfur Dioxide is one of the most valuable products used in energy sector - sulfur recovery in natural gas processing. The Energy Information Administration (EIA) says that Sulfur Recovery Units in natural gas processing plants produce at least 10 million metric tons of sulfur all over the world. Such units are especially crucial for hydrogen sulfide purification, being bi-product of gas refining. The recruited sulfur is then capitalized across different sectors, such as agriculture, chemical manufacturing, and pharmaceuticals. The continuous involvement of liquid sulfur dioxide in meeting the demands of the energy and industrial sectors indicates how significant liquid sulfur dioxide is in the energy sector and in industrial processes.
• The fast-growing trend of industrialization, especially in the emerging economies, has escalated the demand for sulfur dioxide towards the various sectors. Industries, such as mining and metallurgy, are using sulfur dioxide as ore processing and metal extraction they need sulfur dioxide. According to the estimates made by the International Energy Agency (IEA), the world sulfur dioxide emissions are forecasted to keep on rising, due to the fact that heavy industry expands and makes progress in regions, like Asia. Such a trend tends to emphasize the pivotal role of sulfur dioxide as the universal aid to industrial development and coping with the ever-changing and more sophisticated industrial world.

Liquid Sulphur Dioxide News

The report covers the latest developments, updates, and trends impacting the global liquid sulphur dioxide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in liquid sulphur dioxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the liquid sulphur dioxide industry:

• In December 2023, INEOS acquired LyondellBasell’s Ethylene Oxide and Derivatives business as well as its production facility in Texas, Bayport, in an amount of $700 million. This strategic action shows INEOS` ambition in empowering its possession in the ethylene oxide market and systematizing its product range of chemicals. The acquisition with LyondellBasell gives INEOS full access to an expanding market and LyondellBasell's deep proficiency in ethylene oxide and derivative manufacturing. This investment of approx. 1 billion made by INEOS implies that its leadership is targeting a huge potential for ethylene oxide derivatives and building its own branch of chemistry.

Product Description

Liquid Sulphur Dioxide (SO2) is a chemical compound obtained from the combination of sulfur and oxygen. The main source is the combustion of sulfur or the roasting of sulfide minerals for purification and liquefaction. Liquid SO2 can be used in a wide range of industrial processes because of its chemical properties. It functions as preservative in the food and beverage sector, where it inhibits bacterial growth and stops products such as wine and dried fruits from spoiling.

Moreover, it is used in the production of sulfuric acid, which serves as an important ingredient in many industrial processes. Besides this, liquid SO2 functions as a reducing agent in the chemical processes and is applied in industrial treatment to neutralize alkaline solutions. Moreover, it is used in the pharmaceutical industry for its antiseptic properties and in the pulp and paper industry for bleaching processes. As a result, liquid sulfur dioxide is a versatile chemical used for numerous purposes in different industries.

Regional Coverage

The report provides a detailed analysis of the liquid sulphur dioxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Liquid Sulphur Dioxide Price

The report offers a holistic view of the global liquid sulphur dioxide pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Liquid Sulphur Dioxide Price

In Europe, during the 4th quarter of 2023, the price decline in the liquid sulphur dioxide (SO2) market was due to the drop in sulfur price, being an important feedstock for the Liquid SO2 production. The general crude market conditions, geopolitical factors and global sulphur supply have influenced the cost of sulphur, affecting further liquid SO2 pricing. Apart from that, reduction in the demand from other downstream sectors like chemicals, food industry, has caused this decline in the price too. With an economic recession in the region, together with uncertainty in main industrial enterprises, there was a decline in the demand for Liquid SO2.

This analysis can be extended to include detailed liquid sulphur dioxide price information for a comprehensive list of countries.

North America Liquid Sulphur Dioxide Price

The North American region experienced downward trend in the prices of liquid SO2 (SO2) as at the 4th Quarter in 2023. This can be attributed to the decrease in the price of a major sulphur source in its production process. The amount of inventory in suppliers' warehouses has been reduced after the decreasing rates in prices for several months. The decline that has occurred in demand for Sulphuric Acid, attributed to the reduced activities in the fertilizer sector, has altered the total liquid SO2 market. Contrary to expectations of a high surplus of liquid sulphur dioxide, major industries are keeping large stocks in the market, hence destocking strategies are important in what way they can align themselves with the downstream demand.

Specific data on liquid sulphur dioxide prices within the United States and Canada can also be provided.

Middle East and Africa Liquid Sulphur Dioxide Price

The report explores the liquid sulphur dioxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on liquid sulphur dioxide prices for countries can also be provided.

Asia Pacific Liquid Sulphur Dioxide Price

In the Asia Pacific region, by the last quarter of 2023, the price of liquid sulphur dioxide dropped significantly, when the fall in the price of one its main raw material, sulphur, was the most influential factor. The ongoing downward trajectory in prices as seen over these past few months indicates the unwavering trend of the market that results in inventory control via the backflush operation of suppliers. The market for sulphuric acid in the downstream market is completely stagnant due to the low output of fertilizers. The present scenario is of decreased market inventory as suppliers struggle with demand from downstream industries.

This analysis can be further extended to include detailed liquid sulphur dioxide prices for a comprehensive list of countries within the region.

Latin America Liquid Sulphur Dioxide Price

The analysis of liquid sulphur dioxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of liquid sulphur dioxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting liquid sulphur dioxide price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the liquid sulphur dioxide industry.