Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price fell slightly this week, with the price of sulfuric acid falling from 286.67 yuan/ton at the end of last week to 280.00 yuan/ton at the end of this week, a decrease of 2.33%. Compared with the same period last year, it fell 56.70% year on year. The sulfuric acid commodity index was 43.58 on January 8, which was the same as yesterday, down 76.83% from the highest point of 188.07 (2022-04-13) in the cycle, and up 38.26% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to September 1, 2011 to now)

Upstream market fluctuates and rises, and downstream purchasing enthusiasm decreases

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, and the manufacturer’s inventory was average.

From the perspective of the upstream and downstream industrial chains, the upstream sulfur market rose in a narrow range, with the sulfur price rising from 1270 yuan/ton at the end of last week to 1303.33 yuan/ton at the end of this week, up 2.62%. Compared with the same period last year, the year-on-year decline was 36.73%, and the upstream market fluctuated and rose, and the cost support increased. The downstream hydrofluoric acid market fell sharply, with the market price dropping from 12500.00 yuan/ton at the end of last week to 11214.29 yuan/ton at the end of this week, down 10.29%. Compared with the same period last year, it fell 4.96% year on year. The market price of titanium dioxide in the downstream market was low, and the market price was 15933.33 yuan/ton. Compared with the same period last year, it fell 23.15% year on year. The downstream market fell sharply, and the enthusiasm of downstream procurement weakened.

The market fell slightly in the aftermarket

In the middle and late January, the domestic sulfuric acid market may fall slightly. The upstream sulfur market has been fluctuating and rising recently, and the cost support has increased. The market prices of hydrofluoric acid and ammonium sulfate in the downstream fell sharply, the market prices of titanium dioxide stabilized at a low level, and the enthusiasm of downstream customers to purchase sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. The sulphuric acid analyst of the Business Society believes that the short-term domestic sulphuric acid market is mainly affected by supply and demand, raw materials and other factors, and the sulphuric acid market price may fall slightly.