Recent trends in sulfuric acid prices
| PVA |
According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has slightly decreased this week, with sulfuric acid prices dropping from 188.00 yuan/ton at the beginning of the week to 182.00 yuan/ton at the end of the week, a decrease of 3.19%. Weekend prices fell by 82.96% year-on-year. On June 4th, the sulfuric acid commodity index stood at 28.33, unchanged from yesterday and reaching a historic low within the cycle, a decrease of 84.94% from the highest point of 188.07 on April 13, 2022. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Upstream market slightly rises, while downstream procurement enthusiasm weakens
From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have slightly decreased this week, with average inventory levels among manufacturers.
From the perspective of the upstream and downstream industry chains, the upstream sulfur market has slightly increased, with sulfur prices rising from 780.00 yuan/ton at the beginning of the week to 810.00 yuan/ton at the weekend, an increase of 3.85%. Over the weekend, prices fell 80.00% year-on-year, with a slight increase in upstream prices and good cost support. The downstream hydrofluoric acid market slightly declined, with market prices dropping from 10114.29 yuan/ton at the beginning of the week to 9685.71 yuan/ton at the weekend, a decrease of 3.28%. Weekend prices fell by 16.93% year-on-year. The downstream titanium dioxide market has stabilized at a low level, with a market price of 16133.33 yuan/ton. Weekend prices fell by 21.75% year-on-year. The downstream market has slightly declined, and the enthusiasm for downstream procurement has weakened.
Small fluctuation and decline in the future market
In mid to late June, the domestic sulfuric acid market may experience slight fluctuations and declines. Although the upstream sulfur market has slightly increased, cost support is good. However, the downstream titanium dioxide and hydrofluoric acid markets have slightly declined, and downstream customers’ enthusiasm for purchasing sulfuric acid has weakened. Under the contradiction between supply and demand, the product trend has declined. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate and decline slightly.
| http://www.pva-china.net |