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SunSirs: Shandong Sulfuric Acid Prices Rose This Week(November 30-December 4)
December 07 2020 13:41:09SunSirs(John)

Price trend

As can be seen from the above figure, the price of sulfuric acid distribution in Shandong increased this week. The quotation rose from 420.00 RMB/ton at the beginning of the week to 437.50 RMB/ton at the weekend, an increase of 17.50 RMB/ton, an increase of 4.17%. On the whole, the sulphuric acid market rose this week, and the sulphuric acid commodity index on December 14 was 68.09.

Analysis review

Judging from the quotations of manufacturers, the prices of mainstream sulphuric acid manufacturers in Shandong region rose this week, the inventories of manufacturers were small, and downstream demand was strong. Heze Jiangyuan’s sulphuric acid price was 480 RMB/ton during the weekend, which was an increase of 20 RMB/ton compared with the beginning of the week; Zouping Tianlu’s sulphuric acid price was 300 RMB/ton on the weekend, and compared with the beginning of the week, the quotation was temporarily stable; Jinan Yuanfei Sulfuric Acid The quotation was 400 RMB/ton, compared with the beginning of the week, the quotation increased by 50 RMB/ton; Taiyuan Kunshengda sulfuric acid quoted 570 RMB/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has consolidated at a high level recently, and the cost support is good. The downstream market for monoammonium phosphate, diammonium phosphate, and bromine consolidated at a high level, which had a positive impact on sulfuric acid. At the same time, some sulphuric acid manufacturers were under-operating recently and the supply of sulphuric acid was tight.

Market outlook

In mid-to-early December, the sulphuric acid market in Shandong may fluctuate mainly. The upstream sulphur price has consolidated at a high level recently, and the downward trend is relatively good. The downstream enthusiasm for sulphuric acid purchase is normal, and the product trend is upward due to the contradiction between supply and demand. The sulphuric acid analyst of SunSirs believes that under the influence of supply and demand and raw materials in the short-term Shandong market, the sulphuric acid market may fluctuate to rise slightly.

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