In the second quarter of 2022, the upstream Sulphur market rose continuously since February 2022, which led to the Liquid Sulphur Dioxide Price throughout the second quarter. The upstream Sulphur has increased owing to the restriction on the imports of fertilizers from Russia amidst the rising food pricing index, forcing the domestic players to lean toward the suppliers from the Middle East. Liquid Sulphur dioxide is the intermediate product in the production of Sulphuric Acid. The strengthened value of Crude Oil is persistently soaring, and the demand outlook downstream is healthy, especially from the chemical intermediates and fertilizers industries.
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