Recent price trend of sulfuric acid

It can be seen from the above figure that the domestic sulfuric acid market price dropped sharply this week. The sulfuric acid price dropped from 556.00 yuan / ton at the end of last week to 456.00 yuan / ton at the end of this week, a decrease of 17.99%, a year-on-year decrease of 40.78% compared with the same period last year. On August 14, the sulfuric acid commodity index was 70.97, which was the same as yesterday, down 62.26% from the highest point 188.07 in the cycle (2022-04-13), and up 125.16% from the lowest point 31.52 on June 6, 2019. (Note: the period refers to September 1, 2011 to now)

The upstream market rebounded at the bottom, and the downstream purchasing enthusiasm weakened

From the quotation of the manufacturer, the price of the mainstream domestic sulfuric acid manufacturers fell sharply this week, the inventory of the manufacturers was general, and the downstream demand was weakened. Heze Jiangyuan sulfuric acid quoted 460 yuan / ton this weekend, which was temporarily stable compared with last weekend; Zouping Tianlu sulfuric acid quoted 420 yuan / ton this weekend, which decreased by 100 yuan / ton compared with last weekend; Changzhou Qinghong sulfuric acid quoted 400 yuan / ton at the end of this week, which decreased by 100 yuan / ton compared with last weekend; Changzhou Changjiang sulfuric acid quoted 400 yuan / ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San’an sulphuric acid quoted 600 yuan / ton this weekend, down 300 yuan / ton compared with last weekend.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market rebounded from the bottom. The sulfur price rose from 1086.67 yuan / ton at the end of last week to 1130.00 yuan / ton at the end of this week, an increase of 3.99%, a year-on-year decrease of 33.00% compared with the same period of last year. The upstream market rebounded from the bottom, and the cost support improved. The downstream hydrofluoric acid market fell slightly, and the market price fell from 10780.00 yuan / ton at the end of last week to 10770.00 yuan / ton at the end of this week, a decrease of 0.09%, a year-on-year increase of 7.27% over the same period of last year. The downstream titanium dioxide market was consolidated at a low level, with the market price of 18066.67 yuan / ton, a year-on-year decrease of 14.91% compared with the same period of last year. The downstream market fell slightly, and the downstream purchasing enthusiasm was weakened.

In the future, the market fluctuated slightly and fell

In the middle and late August, the domestic sulfuric acid market may fluctuate slightly. The upstream sulfur market has recently bottomed out and rebounded, with good cost support. However, the market prices of hydrofluoric acid, titanium dioxide and ammonium sulfate in the downstream declined slightly, the enthusiasm of downstream customers for purchasing sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. The sulfuric acid analysts of business association believe that the short-term domestic sulfuric acid market is mainly affected by supply and demand and raw materials, and the sulfuric acid market price may fluctuate slightly.