During the first quarter of 2023, Sulphur dioxide (SO2) pricing in Asia initially saw an influence from lower feedstock expenses and a slow-moving Asia Pacific market. However, after the Lunar holidays, a resurgence emerged driven by heightened demand from water treatment and chemical synthesis industries. This positive momentum faced disruption in the second quarter due to surging inventory levels and uncertainties surrounding crude oil prices. In parallel, Europe experienced diminished buyer and investor interest, leading to a decline in SO2 prices caused by weak feedstock costs and market dynamics. Meanwhile, in North America, sluggish consumption rates, abundant stock, and volatile crude oil prices had a detrimental effect on SO2 pricing trends.
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Definition
Sulphur dioxide (SO2) is a colorless, pungent gas composed of Sulphur and oxygen. It is produced primarily by burning fossil fuels, industrial processes, and volcanic activity. SO2 is a major air pollutant with adverse effects on respiratory health and the environment, contributing to acid rain formation and smog. It also plays a role in atmospheric chemistry and climate change. SO2 emissions are regulated to mitigate its harmful impacts on human health and the ecosystem.
Key Details About the Sulphur Dioxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sulphur Dioxide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sulphur Dioxide Price trend, including India Sulphur Dioxide price, USA Sulphur Dioxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sulphur Dioxide Price Trend:
Sulphur dioxide (SO2) holds significant value in industry due to its adaptable nature. A primary application lies in producing Sulphuric acid, vital across diverse sectors such as fertilizers, detergents, and chemicals. Additionally, SO2 acts as a preservative in food and drinks, preserving quality and color. Its role extends to metallurgy, where it aids in extracting metals from ores as a reducing agent. Moreover, it serves as a bleaching agent in papermaking and a disinfectant in water treatment. However, to mitigate environmental impact and potential health hazards linked to its discharge, prudent management remains crucial.
Key Players:
- BASF
- INEOS CALABRIAN
- Dow DuPont
- Nutrien
- Shell Cananda
- Yara International
- Zhejiang Juhua Group
- PVS Chemicals
- Goro Nickel S.A.S
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