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Zhao Lei, Consultant of British Sulphur Consulting, told the reporter that in 2008 sulfur price plummeted, and domestic enterprises with high stocks of sulfur had serious losses. By the third quarter of last year, the high-priced sulphur of these companies' inventory was basically digested and the sulfur market was back to normal track. In the first half of last year, China had more than 2.3 million tons of sulfur inventories, while maintaining an annual import volume of 1 million tons. The investment and speculative atmosphere of traders is obvious. After entering the second half of the year, domestic sulfur prices reached 500 to 900 yuan, reaching the psychological price of traders, and the inventory of sulfur declined. According to statistics from the China Sulfuric Acid Industry Association, China's sulphur yellow imports amounted to 10.52 million tons in the first 10 months of last year, which has exceeded the 2007 annual import volume and reached a record high. The current sulfur market has basically maintained the stability of inventory and imports.
According to the “Eleventh Five-Year Planâ€, this year China will achieve a goal of reducing the total amount of COD and sulfur dioxide emissions by 10% from 2005. With the increasing emphasis on air quality in China, the sulfur content in fuel oil will be further reduced. According to the information released by Sinopec, the natural gas purification equipment of Sichuan Dongfang Sinopec, which was put into operation last year, will be gradually transferred to normal production, and the follow-up equipment will also be put into operation smoothly. The capacity and supply of domestically produced sulfur will increase significantly in the next three years. Zhao Lei predicts that China's sulphur production will reach 3 million tons this year. With the oil and gas purification plants under construction in PetroChina and Sinopec fully operational, the supply of sulphur in China will reach 5.5 million tons by 2012, effectively alleviating the import of sulfur in China. The dependence of sulfuric acid. Zhao Lei said that currently the amount of sulphur in the Middle East and Kazakhstan in the international market is increasing year by year. Excessive stocks of sulphur in the current ports will also be released in the near future. The average CIF price of imported sulphur in China is USD 547 in 2008. In comparison, the sulphur price for the whole year last year has been below 100 US dollars and has basically fluctuated at a normal level. He believes that the sulphur supply situation and prices in the international market this year will also be relatively stable, and it is estimated that the price will rise within a reasonable range in the near future.
The stability of upstream sulfur prices and supply has driven the growth of sulfuric acid production from the second half of last year. After November last year, the sulfuric acid industry began to bottom out. From January to November last year, the national output of sulfuric acid was 53.88 million tons, a year-on-year increase of 13.4%. The output of sulphuric acid and smelting acid increased significantly, which ensured an increase in the total amount of sulphuric acid in the country. Gui Qi, chairman of the Sulfuric Acid Industry Association, said that as China's economy began to stabilize, steel, light industry and other industries began to recover, the acid consumption of titanium dioxide, hydrofluoric acid, caprolactam and other chemical products and phosphorus compound fertilizer demand Increase, pulling the consumption of sulfuric acid has increased. From January to October last year, the country consumed 49.89 million tons of sulfuric acid, of which 34.64 million tons were used for chemical fertilizers, which accounted for 69.4% of the total consumption. The total amount of phosphate fertilizer accounted for 63% of the total. The amount of acid used by chemical fertilizers other than fertilizers increased simultaneously with chemical fertilizers. The total consumption is 30.6%. According to preliminary estimates, in 2009, China's phosphate fertilizer output may reach a new high, sulfuric acid production may exceed 57 million tons, apparent consumption of nearly 60 million tons, are expected to exceed the highest level in history. Due to the recent increase in the price of sulphur, the acidity of the phosphate compound fertilizer companies has also increased. Individual smelter plants have been stopped for maintenance. Currently, the sulphuric acid market price has risen in most regions, but the sulphuric acid market is still in a situation of oversupply, and the overall sulphuric acid price Will remain stable.
With the further recovery of the global economy, China's chemical, light industry, textile, steel and other industries will continue to improve the situation, the international market share will increase, the phosphorus and compound fertilizer industry is also facing a better expected situation. Qi Qi expects that as China's output of oil and gas desulfurization grows this year, the production of sulfuric acid will also increase, and the production of ore may be maintained at the current level, and the output of sulfuric acid will reach 60 million tons. Various raw materials will remain Last year, the proportion of sulfuric acid industry in China this year should be better than last year.
Sulfur sulfuric acid industry develops side by side
After undergoing a large price drop at the end of 2008, the sulfur market in China began to enter the right track from the second half of last year. The sulfuric acid industry also entered the recovery phase of the post-financial crisis period. The supply and demand are relatively balanced, and the price is steadily rising. With the recovery of the upstream and downstream industries, China's dependence on imports of sulphur will be eased this year, and the sulphuric acid industry will also develop further.