US Insoluble Sulphur Prices Drop; Asia Remains Steady Amid Economic Slowdown

The prices of Insoluble Sulphur in the US market have shown bearish market trends, and this was due to weak demand from the downstream automobile industry amid weak cost support from feedstock Sulphur. Furthermore, Insoluble Sulphur in the Asia Pacific has also shown a stable market trend this week, and this was due to declining export amid the economic slowdown with the deflation problem in China. These all-market fundamentals are causing similar weak global trends in Insoluble Sulphur Industry.

In the US market, Insoluble Sulphur prices significantly declined this week because of declining demand from the downstream automotive sector. In Addition, feedstock Sulphur prices plummeted, which caused decrement in the Insoluble Sulphur cost. Additionally, the Natural gas prices decremented, which caused a lowering of input production costs in the US market. Moreover, there was an overflow of inventories in the market which led sellers to offer discounts to increase market transactions. Furthermore, because of declining prices of Insoluble Sulphur, buyers were hesitant to procure large orders. Moreover, Speculation of a hike in Fed rates created negative market sentiments and an overall pessimistic market view.

In the Chinese Market, the prices of Insoluble Sulphur did not change significantly this week due to weak demand from the downstream industry like rubber. Furthermore, there were wait-and-watch sentiments among buyers. Additionally, China's slow economic recovery amid deflation problems and declining demand from the international market created overall bearish market sentiments. Furthermore, coal prices plummeted as imported coal from Australia was offered at a discount as Australia was trying to attract buyers from the Asian market, which decrement in input production cost, driving input production cost downwards.

As per ChemAnalyst Database, 'The prices of Insoluble Sulphur in the US are expected to decrease in upcoming months due to decrement in demand from the automobile sector and high inventory level in the market will likely bound seller to offer discount. Furthermore, there is an expectation of an increment in Fed rates, which will create bearish market sentiments in the upcoming months. As per the Chinese Insoluble Sulphur market, the market is expected to perform positively in upcoming months due increase in demand from the automobile industry and improved economic recovery. Furthermore, demand from the international market is likely to increase. Additionally, coal prices will likely increment in the upcoming months in China, increasing production costs. Furthermore, buyers will be willing to procure large orders due to bullish market trends in the upcoming months.