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- Sulfuric acid availability rapidly decreases
- Concerns grew in many industries
- Adding to the difficulties are West Asia and China
Sulfuric Acid Shortage: India’s industrial sector is currently facing major shocks. The availability of sulfuric acid is rapidly decreasing in it, which has increased concern in many industries. According to experts, in the next 15-20 days, stocks may drop significantly, which will directly affect production and companies will face difficulties.
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Disruption of Sulfur Supply
It has become the main cause of this crisis. The main reason for this is the shortage of sulphur, which is the main raw material required for the production of sulfuric acid. Sulfur supply is associated with the refining of crude oil. As global oil supply is disrupted, sulfur availability is affected, which directly affects sulfur production.
Adding to the difficulties are West Asia and China
Rising tensions in West Asia have disrupted the sulfur supply chain. China has indicated that it will stop exporting sulfuric acid from May, which is likely to further increase the shortage in the global market. The decision could have a significant impact on India, which imports a large amount from China.
The biggest threat facing the fertilizer industry
Sulfuric acid is widely used in the production of phosphate fertilizers like DAP and NPK. A shortage of these can affect fertilizer production, which will directly affect agriculture and food security. It is estimated that crop production on millions of hectares of land could be affected, increasing the risk of food insecurity in the future.
Metal and other industries are also in trouble
This chemical is very important in metallurgical processing, especially for the extraction of copper and zinc. If its supply is affected, the production of copper may decrease, which will also affect silver, since a large part of silver is derived from copper. Sectors like textiles, detergents, chemicals and petroleum will also be affected.
Inflation may increase in future
If this crisis persists for a long time, its impact will not be limited to industries. Reduced production can lead to a shortage of goods in the market and increase prices. Experts say that if the supply is not restored soon, the problem could affect the entire financial system and the consequences would be felt by the common man.
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