Price trend

According to the data of SunSirs, the selling price of sulfuric acid in Shandong Province was temporarily stable this week. The quotation is 273.33 RMB/ton, down 22.64% year on year. On the whole, sulfuric acid market is stable this week, with the sulfuric acid commodity index of 42.54 on December 20.

Analysis review        

Product: This week, the prices of mainstream sulfuric acid manufacturers in Shandong area are temporarily stable, the manufacturers' inventory is small, and the downstream demand is general. The weekend quotation of Heze Jiangyuan is 240 RMB/ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Zouping Tianlu is 130 RMB/ton, which is temporarily stable compared with the beginning of the week; the weekend quotation of Jinan Yuanfei is 450 RMB/ton, which is temporarily stable.

Industrial chain: Recently, the domestic sulfur market has continued to decline, and the downstream monoammonium market has a poor trading atmosphere, with light transactions and unsatisfactory new orders. The diammonium market has also been consolidated at a low level, and the downstream demand was less. Sulfuric acid enterprises often issued early orders, short-term construction was insufficient, and the supply was slightly tight. This week, the domestic sulfuric acid plants operated smoothly, the market supply was relatively tight, the downstream buying intention was general, and the market turnover was limited.

Market outlook

After the adjustment in November, the capital return of each plant was in good condition, the equipment was overhauled, and the production capacity increased. The price of sulfur in the upstream has fallen, and the construction of the downstream has started in general. Due to the contradiction between supply and demand, the product trend has declined. Sulfuric acid analysts of SunSirs believe that under the influence of supply and demand and raw materials in the short-term Shandong market, the sulfuric acid market's position is mainly consolidated.

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