Recent domestic sulphuric acid price trend
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After five months of continuous decline, the sulfuric acid market finally rose slightly in September. As can be seen from the figure above, the domestic sulfuric acid market price fell first and then rose in September. The market price of sulfuric acid fell from 252.00 yuan/ton on September 1 to 228.00 yuan/ton on September 14, a decrease of 9.52%. Later, it rose to 258.00 yuan/ton on September 29, up 13.16%. The price at the end of the month fell 70.40% year on year.
On September 28, the sulfuric acid commodity index was 40.16, up 1.56 points from yesterday, down 78.65% from the peak of 188.07 (2022-04-13) in the cycle, and up 27.41% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)
The upstream support is better, while the downstream demand is insufficient
Domestic sulphuric acid market in September
From the manufacturer’s quotation, the price of domestic mainstream sulphuric acid manufacturers rose and fell with each other this month, and the manufacturer’s inventory was small.
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From the perspective of the upstream and downstream industrial chain, the upstream sulfur market rose sharply this month. The sulfur price rose from 1163.33 yuan/ton at the beginning of the month to 1453.33 yuan/ton at the end of the month, an increase of 24.93%. Compared with the same period last year, it fell 26.23% year on year. The upstream cost support improved, which had a positive impact on the sulfuric acid market. The downstream hydrofluoric acid market declined slightly. The ex factory price fell from 10560.00 yuan/ton at the beginning of the month to 10480.00 yuan/ton at the end of the month, a drop of 0.76%, and a year-on-year drop of 6.18% compared with the same period last year. The downstream titanium dioxide market declined slightly, with the price falling from 17500.00 yuan/ton at the beginning of the month to 16350.00 yuan/ton at the end of the month, a decline of 6.57%, 21.96% YoY compared with the same period last year. Downstream market fell slightly, and downstream manufacturers’ purchasing enthusiasm for sulfuric acid weakened.
The market rose slightly after shocks
In the first ten days of October, the domestic sulfuric acid market rose mainly due to slight fluctuations. The upstream sulfur price rose significantly, the cost support improved, the downstream hydrofluoric acid and titanium dioxide market declined slightly, the downstream purchasing enthusiasm for sulfuric acid was average, and the product trend rose under the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term sulfuric acid market may rise slightly under the influence of supply and demand, raw materials and other aspects, mainly finishing.
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