Spotlight Report: Chinese Sulphur
Integer’s new 2018 Chinese Sulphur Spotlight Report (released Sep 2018) provides an essential view, analysis and 10-year forecast of Chinese sulphur supply and demand.
The report analyses the major changes taking place in the Chinese sulphur business which have major implications for the global market. Through our unique research methodology and unrivalled experience led by our Beijing office, Integer’s report will help you better understand these profound developments.
The need for Chinese sulphur market intelligence
China is the world’s largest market for sulphur world – ranking first as a consumer and as the number one global sulphur importer. Trade flows to China have historically been from all over the globe – the Middle East, North America, the FSU and Asia, with recent import shipments totalling around 11 million tonnes per year.
However, China’s sulphur market is rapidly evolving, with major shifts in both demand and supply. Sulphur demand from China’s phosphate sector, which supports much of the country’s imports, which have grown rapidly over the last decades, are now plateauing. Growth rates for demand are not expected to meet levels seen in recent decades in China as prospects for processed phosphates capacity additions are limited. Furthermore, demand for sulphur to make sulphuric acid is coming under increasing competition from a rapid expansion of China’s involuntary sulphuric acid production from metals smelters.
On the supply side, the rise of oil and gas production in China also raises questions on how trade may be impacted in the future. At the same time, supply is set to see substantial growth as investments are made across the sour gas and oil refining sectors.
We have concluded from this analysis that China’s elemental sulphur imports are likely to significantly decline over the coming years. This has major implications for the global sulphur market.