Dhaka, April 30 -- The ongoing sulphur and sulphuric acid crisis has intensified due to supply disruptions, regulatory bottlenecks, and alleged market manipulation, raising concerns across key industrial sectors, people familiar with the development say.
Despite a strong demand from the tannery and leather sectors, supply constraints have triggered an abnormal price surge, disrupting production and increasing costs for downstream industries.
The US-Israel conflict with Iran has closed the Strait of Hormuz, causing a supply disruption.
This has restricted the flow of raw materials, leading to a shortage in the sulphuric acid market.
Local production of sulphuric acid stands at around 0.15 million metric tonnes annually, supporting a do...
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