Recent price trend of sulfuric acid

As can be seen from the above figure, the market price of sulfuric acid in Shandong increased this week. The quotation increased from 740.00 yuan / ton at the beginning of the week to 760.00 yuan / ton at the end of the week, an increase of 2.70%, a year-on-year increase of 77.78% compared with the same period last year. Overall, the sulfuric acid market rose this week, and the sulfuric acid commodity index was 118.29 on August 6.

The downstream market was boosted and the willingness to purchase was strengthened

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong increased this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulfuric acid quoted 810 yuan / ton at the weekend, which was temporarily stable compared with that at the beginning of the week; Zouping Tianlu offered 710 yuan / ton this weekend, up 40 yuan / ton compared with the beginning of the week; Changzhou Qinghong offered 980 yuan / ton at the weekend, an increase of 130 yuan / ton compared with the beginning of the week.

From the upstream and downstream industrial chain, the upstream sulfur market has been consolidated at a high level recently. The quotation increased from 1646.67 yuan / ton at the beginning of the week to 1666.67 yuan / ton at the end of the week, an increase of 1.21%, a year-on-year increase of 141.55% compared with the same period last year, and the cost support is good. The downstream bromine market fell slightly, and the quotation fell from about 44125.00 yuan / ton at the beginning of the week to 43750.00 yuan / ton at the end of the week, a decrease of 0.85%, a year-on-year increase of 59.41% compared with the same period last year. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

The market outlook fell slightly

In the middle of August, the sulfuric acid Market in Shandong Province mainly fell slightly. The upstream sulfur price has been adjusted at a high level recently, with good cost support, but the downstream bromine market began to decline slightly, the downstream enthusiasm for purchasing sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market may fluctuate and fall slightly.