As can be seen from the figure above, the domestic sulfuric acid market price rose sharply in October. The market price of sulfuric acid rose from 296.00 RMB/ton on October 1 to 418.00 RMB/ton on October 28, an increase of 41.22%. The price at the end of the month fell 52.50% year-on-year.
On October 27, the sulfuric acid commodity index was 126.36, up 0.56 points from the previous day, down 21.89% from the peak of 161.78 points (2022-03-20) in the cycle, and up 244.77% from the lowest point of 36.65 points on June 23, 2014. (Note: Period refers to 2011-09-01 to now)
Upstream support weakened and downstream demand was better
From the manufacturer's quotation, the price of domestic mainstream sulfuric acid manufacturers rose and fell with each other this month, and the manufacturer's inventory was small. Heze Jiangyuan Sulfuric Acid offered 170 RMB/ton at the end of the month, which was 20 RMB/ton lower than that at the beginning of the month; Zouping Tianlu sulfuric acid was quoted 220 RMB/ton at the end of the month, down 20 RMB/ton compared with the beginning of the month; Changzhou Qinghong Sulfuric Acid offered 450 RMB/ton at the end of the month, up 150 RMB/ton compared with the beginning of the month; Changzhou Changjiang Sulfuric Acid was quoted 550 RMB/ton at the end of the month, up 250 RMB/ton compared with the beginning of the month; Xiangcheng San'an Sulfuric Acid was quoted 700 RMB/ton at the end of the month, up 250 RMB/ton compared with the beginning of the month.
From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose first and then fell this month. The sulfur price fell from 1,486.67 RMB/ton at the beginning of the month to 1,350.00 RMB/ton at the end of the month, a decline of 9.19%. Compared with the same period last year, it fell 36.42% year on year. The upstream cost support was weakened, which had a negative impact on the sulfuric acid market. The downstream hydrofluoric acid market rose slightly. The ex factory price rose from 9,985.71 RMB/ton at the beginning of the month to 10,442.86 RMB/ton at the end of the month, an increase of 4.58% and a year-on-year decrease of 20.59%. The downstream ammonium sulfate market rose slightly, with the price rising from 1,440.00 RMB/ton at the beginning of the month to 1,510.00 RMB/ton at the end of the month, an increase of 4.86% and a year-on-year decrease of 20.80%. Downstream market rose slightly, and downstream manufacturers became more active in purchasing sulfuric acid.
The domestic sulfuric acid market in mid November and early November may rise slightly in shock. Although the upstream sulfur price fell slightly, the price was at a high level, which provided some support for the price of sulfuric acid. The downstream market of hydrofluoric acid and ammonium sulfate rose slightly, the downstream procurement of sulfuric acid became more active, and the product trend rose under the contradiction between supply and demand. The sulfuric acid analysts of SunSirs believe that in the short term, the sulfuric acid market may rise slightly in shock under the influence of supply and demand, raw materials and other aspects, mainly finishing.
If you have any questions, please feel free to contact SunSirs with firstname.lastname@example.org.