Indian Liquid Sulphur Dioxide Market Plummet Due to Falling Downstream Demand

The Indian domestic market saw a suppressed demand for Liquid Sulphur Dioxide and plunging demand for the overseas fertilizer market, resulting in poor downstream cost transmission. In India, the increase in port arrivals has affected downstream refinery demand. On the demand side, domestic inquiries from the fertilizer, as well as  detergents sector, remained weak relieving demand pressure from the prices of Liquid Sulphur Dioxide

The market value of Liquid Sulphur Dioxide plummeted in the Indian market, with prices ranging at USD 433.7/ton Ex-Ahmedabad as quoted by the traders and the data received by ChemAnalyst Research Team Data. Moreover, the US Federal Reserve's sharp interest rate hike triggered a plunge in commodities, and chemical prices fell sharply along with Crude Oil prices.

The traders' quotation of Liquid Sulphur Dioxide was weak, which was used for reference in the Indian market. The enterprise lowered its price to relieve inventory pressure due to poor shipments from domestic refineries. The supply side of Liquid Sulphur Dioxide in India had moderate support within the domestic market resulting in a rise in inventories. There was more product stockpiling seen with the traders and the suppliers.

In addition, one of the major Liquid Sulphur Dioxide manufacturers in India, Atul Ltd., has been through risks like high levels of non-cash earnings and lower profit margins. In India, the Sulphur market led to a drying up of liquidity and stagnant prices of its derivative market. The freight charges were also fluctuating in the regional market, relieving cost pressure from the product prices ans easing up the logistical market.

In India, the increase in port arrivals has affected downstream refinery demand. The manufacturing firms operated at weaker production rates, and the supply of goods was in normal circulation. A significant downward trend has been observed in the Liquid Sulphur Dioxide market.