Recent price trend of sulfuric acid
As can be seen from the figure above, the price of domestic sulfuric acid market fell slightly this week. The price of sulfuric acid fell from 238.00 yuan/ton at the end of last week to 228.00 yuan/ton at the end of this week, a drop of 4.20%, and a year-on-year drop of 71.32% compared with the same period last year. On September 18, the sulfuric acid commodity index was 35.49, unchanged from yesterday, 81.13% lower than the cycle’s highest point of 188.07 (2022-04-13), and 12.60% higher than the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)
The upstream market was consolidated at a low level, and the downstream purchasing enthusiasm was insufficient
From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, the manufacturer’s inventory was average, and downstream demand weakened.
From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly. The sulfur price rose from 1126.67 yuan/ton at the end of last week to 1143.33 yuan/ton at the end of this week, an increase of 1.48%. Compared with the same period last year, it fell by 41.37% year on year. The upstream market fluctuated narrowly and the cost support was general. The downstream hydrofluoric acid market was consolidated at a low level, and the market price was 10540.00 yuan/ton, down 3.04% year on year compared with the same period last year. The market price of titanium dioxide in the downstream market was adjusted at a low level. The market price was 16350.00 yuan/ton, a year-on-year decrease of 21.89% compared with the same period last year. The downstream market was adjusted at a low level, and the enthusiasm for downstream procurement was weakened.
The market fell slightly after shocks
In late September, the domestic sulfuric acid market was mainly down due to slight shock. The upstream sulfur market has been in a narrow range recently, with average cost support. Downstream markets of hydrofluoric acid, titanium dioxide and ammonium sulfate were consolidated at a low level. Downstream customers were not enthusiastic about purchasing sulfuric acid, and the product trend fell due to the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term domestic sulfuric acid market price may fall slightly due to the impact of supply and demand, raw materials and other aspects.