Extended turnarounds in refineries as a repercussion of Covid-19 restricted the supply of Sulphur across the European market. The supply also got affected under the stress of shifting to a low Sulphur fuel on various government initiatives released in concern with the increasing environmental distress. Although demand remained stable in Q3, low offtakes from the downstream capro sector delayed the revival in its overall demand fundamentals. With the economy paving its way back, the demand for Sulphur from various downstream segments is anticipated to revive prominently by the next quarter.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Sulphur are analyzed and region-wise demand pattern is tracked.
Sulphur is a non-metallic chemical compound which occurs as a crystalline, bright yellow solid in its elemental form. Presently, a significant percentage of elemental Sulphur is produced as a by-product of crude oil in refineries. Crude Sulphur is mainly manufactured by Frasch process or retrieved from petroleum or natural gas. Sulphur processed by this route has around 99.5 percent purity level and is thus beneficial for various industrial applications. Sulphur is primarily utilized to produce Sulphuric Acid which is mainly used as a bulk chemical in industrial processes. Elemental Sulphur is produced in abundant quantity across the globe. Countries that are largely indulged in the processing of sour gas and crude oil like Canada, Former Soviet Union and United States register maximum production of Sulphur in the international market. Sulphur is regarded as one of the essential plant nutrients next to phosphates and nitrogen, hence, it is widely utilized as a key ingredient in fertilizers.