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SunSirs: Shandong Sulfuric Acid Prices Rose This Week (January 4-8)

January 12 2021 13:50:29     SunSirs (John)

Price trend

As can be seen from the above figure, the price of sulfuric acid distribution in Shandong increased this week, with the quotation rising from 422.50 RMB/ton at the beginning of the week to 430.00 RMB/ton at the weekend, an increase of 1.78%. On the whole, the sulphuric acid market rose this week, with the sulphuric acid commodity index of 49.42 on January 8.

Analysis review

Judging from the manufacturers' quotations, the prices of mainstream sulfuric acid manufacturers in Shandong region increased this week, and the manufacturers' inventory was small, and the downstream demand was better. Heze Jiangyuan’s quotation at the weekend was 460 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Zouping Tianlu’s weekend quotation was 290 RMB/ton, compared with the beginning of the week, the quotation increased by 30 RMB/ton; Jinan Yuanfei’s quotation was 400 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Taiyuan Kunshengda 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 recently fallen slightly, and the cost support was average. The downstream market for ammonium biphosphate, DAP and bromine rose slightly, which had a positive impact on sulfuric acid. At the same time, some sulphuric acid manufacturers have been under-operated recently, their load has decreased, and the supply of sulphuric acid has been tight.

Market outlook

In mid-January, 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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