China Sulphur Import Volume to Slip in 2019

China Sulphur Import Volume to Slip in 2019

China’s sulphur capacity remained in an uptrend from 2014 to 2018. According to SCI, China’s crude oil refining capacity will reach around 1,082 million tons/a in 2013, as some large refining projects are under construction and planned. This will push up the sulphur capacity. Main sulphur suppliers are Sinopec, PetroChina, CNOOC, Sinochem, Hengli Petrochemical, Zhejiang Petrochemical and some other independent refineries.

The designed capacity of sulphur of Hengli Petrochemical is 0.52 million tons/a, and the unit has been put into production at the end of March. The daily production of sulphur of Hengli Petrochemical is around 700 tons, and it is expected to increase to 1,400 tons. The designed sulphur capacity of the first phase of Zhejiang Petrochemical is 0.48 million tons/a, and it is predicted to be traded in the second half of this year. The sulphur capacity of Shenghong Petrochemical is 0.42 million tons, and it is predicted to be put into production in 2021.

China’s sulphur capacity is projected to increase by over 1 million tons/a in 2019, and the sulphur production will be around 7 million tons. Considering the stable market demand, it is predicted that China’s sulphur import volume will decrease to around 9.5 million tons in 2019.

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