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, from 321.67 yuan/ton at the end of last week to 301.67 yuan/ton at the end of this week, down 6.22%. A year-on-year decrease of 52.24%. On December 11, the sulphuric acid commodity index was 46.95, unchanged from yesterday, down 75.04% from the cycle’s highest point of 188.07 (2022-04-13), and up 48.95% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)
The upstream market fluctuated and rose, while the downstream purchasing enthusiasm was average
Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers rose and fell with each other this week, and the manufacturer’s inventory was average.
From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose in a narrow range, with the sulfur price rising from about 1450 yuan/ton at the weekend to 1513.33 yuan/ton at the weekend, up 4.37%. Compared with the same period last year, it fell by 21.72% year on year. The upstream market rose in shock and cost support increased. The downstream hydrofluoric acid market rose slightly, with the market price rising from 12742.863 yuan/ton at the end of last week to 12757.14 yuan/ton at the end of this week, up 0.11%. It was 0.29% higher than the same period last year. The market price of titanium dioxide in the downstream market was adjusted at a low level, and the market price was 15,933.33 yuan/ton. A year-on-year drop of 23.03%. Downstream market fluctuates with each other, and downstream purchasing enthusiasm is average.
The market rose slightly after shocks
In the middle and late December, the domestic sulfuric acid market rose mainly due to slight fluctuations. The upstream sulfur market has been surging recently, and the cost support has increased. Downstream hydrofluoric acid market rose slightly, while titanium dioxide and ammonium sulfate market declined slightly. Downstream customers were generally enthusiastic about purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. The sulfuric acid analysts of the business community believe that the short-term domestic sulfuric acid market price will rise mainly due to the impact of supply and demand, raw materials and other aspects.