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SunSirs: Cut in Half, Domestic Sulfuric Acid Prices Plummeted 53.92% in August
August 31 2022 10:22:38SunSirs(John)

Price trend

As can be seen from the above figure, the domestic market price of sulfuric acid fell sharply this month. The price of sulfuric acid fell from 612.00 RMB/ton at the beginning of the month to 282.00 RMB/ton at the end of the month, a decrease of 53.92%, and a decrease of 64.08% compared with the same period last year.

On August 29, the sulfuric acid commodity index was 51.67, a decrease of 2.49 points from previous day, a decrease of 72.53% from the highest point in the cycle of 188.07 points (2022-04-13), and an increase of 63.93% points from the lowest point of 31.52 points on June 06, 2019. (Note: The cycle refers to 2011-09-01 to the present)

Analysis review

From the perspective of manufacturers' quotations, the prices of domestic mainstream sulfuric acid manufacturers dropped sharply this month, and the manufacturers' inventory was relatively small. Heze Jiangyuan’s sulfuric acid was quoted at 370 RMB/ton at the end of the month, which was a drop of 90 RMB/ton compared with the beginning of the month; Zouping Tianlu's sulfuric acid was quoted at 240 RMB/ton at the end of this month, which was a drop of 460 RMB/ton compared with the beginning of the month; Changzhou Qinghong's sulfuric acid was quoted at 200 RMB/ton at the end of the month, which was a drop of 300 RMB/ton compared with the beginning of the month; Changzhou Changjiang's sulfuric acid was quoted at 250 RMB/ton at the end of the month, which was a decrease of 250 RMB/ton compared with the beginning of the month; the price of Chengsan'an sulfuric acid was 350 RMB/ton at the end of the month, which was 550 RMB/ton lower than that at the beginning of the month.

From the perspective of the upstream and downstream industry chain, the upstream sulfur market rose slightly this month. The price of sulfur rose from 926.67 RMB/ton at the beginning of the month to 1,176.67 RMB/ton at the end of the month, an increase of 26.98%, and a year-on-year decrease of 36.85% compared with the same period last year. The upstream cost support improved, which had a positive impact on the sulfuric acid market. The downstream hydrofluoric acid market fell slightly. The price fell from 10,790.00 RMB/ton at the beginning of the month to 10,780.00 RMB/ton at the end of the month, a decrease of 0.09%, and a year-on-year increase of 6.21% compared with the same period last year. The downstream titanium dioxide market fell slightly. The price fell from 18,866.67 RMB/ton at the beginning of the month to 17,500.00 RMB/ton at the end of the month, a decrease of 7.24%, and a decrease of 16.93% compared with the same period last year. Downstream sentiment fell slightly, and downstream manufacturers were less motivated to purchase sulfuric acid.

Market outlook

In mid-to-early September, the sulfuric acid m arket may fluctuate slightly and fall. Although the upstream sulfur price rose slightly and the cost support improved, the downstream hydrofluoric acid, titanium dioxide, and ammonium sulfate market fell slightly, the downstream purchasing enthusiasm for sulfuric acid weakened, and the product trend declined due to the contradiction between supply and demand. The sulfuric acid analyst of the business community believes that in the short term, the sulfuric acid market may fluctuate slightly under the influence of supply and demand and raw materials.

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