In the first quarter of 2023, the price trend of Sulphur dioxide (SO2) in Asia was initially influenced by factors such as lower feedstock costs and sluggish movement in the Asia Pacific market. However, recovery gained momentum with increased demand from water treatment and chemical synthesis industries post-Lunar holidays. The positive trajectory was disrupted in the second quarter due to rising inventory levels and uncertainties in crude oil prices. Similarly, in Europe, weak feedstock costs and market dynamics led to reduced interest from buyers and investors, causing SO2 prices to decline. In North America, low consumption rates, ample stock, and volatile crude oil prices negatively impacted SO2 price 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 chart, 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) finds significant industrial applications due to its versatile properties. One prominent use is in the production of Sulphuric acid, a crucial compound for various industries including fertilizers, detergents, and chemicals. SO2 is employed as a preservative in food and beverages, preventing spoilage and maintaining color. It also functions as a reducing agent in metallurgy, aiding in extracting metals from their ores. Furthermore, SO2 serves as a bleaching agent in paper production and as a disinfectant in water treatment. Despite these uses, careful management is essential to minimize environmental impacts and potential health risks associated with its release.
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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