At the recently concluded Sulfur Market Forum 2009, representatives of enterprises participating in the discussion all expressed that the long-term supply surplus of the global sulfur market has basically taken shape.
Among them, Sinopec Qilu Petrochemical Company predicts that global sulfur consumption in 2017 is expected to increase by 20.9 million tons, but global sulfur production will increase by 35.6 million tons during the same period. As production capacity growth exceeds demand growth, the worldwide sulphur supply surplus will be large-scale and long-lasting, and production companies will be forced to pile up about 30 million tons of sulphur from 2009 to 2017. This means that global sulphur products will have serious excess production, and the market will be in a long-term weak situation.
The financial crisis that continues to spread throughout the world has affected the global supply of and demand for sulfur. North America, the world's largest producer of sulphur, has produced about 15.5 million tons/year of production in recent years and 9 million tons/year of consumption in the region. Sulfur supply in the region may decline slightly due to the decline in the amount of sulphur due to the delay or cancellation of the oil sands project; at the same time, most sulphur suppliers tend to increase their stocks due to the price downturn.
Faced with the long-term weakness of the international sulfur market, some multinational corporations with long-term vision have begun to take action to avoid risks. Shell will use its advantages in the field of sulfur to develop sulfur fertilizers, sulfur asphalt modifiers, and sulfur concrete technology to further expand its application.
Among them, Sinopec Qilu Petrochemical Company predicts that global sulfur consumption in 2017 is expected to increase by 20.9 million tons, but global sulfur production will increase by 35.6 million tons during the same period. As production capacity growth exceeds demand growth, the worldwide sulphur supply surplus will be large-scale and long-lasting, and production companies will be forced to pile up about 30 million tons of sulphur from 2009 to 2017. This means that global sulphur products will have serious excess production, and the market will be in a long-term weak situation.
The financial crisis that continues to spread throughout the world has affected the global supply of and demand for sulfur. North America, the world's largest producer of sulphur, has produced about 15.5 million tons/year of production in recent years and 9 million tons/year of consumption in the region. Sulfur supply in the region may decline slightly due to the decline in the amount of sulphur due to the delay or cancellation of the oil sands project; at the same time, most sulphur suppliers tend to increase their stocks due to the price downturn.
Faced with the long-term weakness of the international sulfur market, some multinational corporations with long-term vision have begun to take action to avoid risks. Shell will use its advantages in the field of sulfur to develop sulfur fertilizers, sulfur asphalt modifiers, and sulfur concrete technology to further expand its application.
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