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SunSirs: The Sulfuric Acid Prices in Shandong Rose This Week (February 15-19)

February 23 2021 15:58:00     SunSirs (John)

Price trend

As can be seen from the above figure, the distribution price of sulfuric acid in Shandong increased this week, with the quotation rising from 322.50 RMB/ton at the beginning of the week to 342.50 RMB/ton at the weekend, an increase of 6.20%. On the whole, the sulphuric acid market rose this week, and the sulphuric acid commodity index on February 19 was 53.31.

Analysis review

Judging from the manufacturer's quotations, the mainstream sulfuric acid manufacturers in Shandong region increased the price of sulfuric acid this week, the manufacturers' inventory was large, and the downstream demand was average. Heze Jiangyuan’s weekend price was 460 RMB/ton, compared with the beginning of the week, the quotation increased by 60 RMB/ton; Zouping Tianlu’s weekend quotation was 340 RMB/ton, compared with the beginning of the week, the quotation increased by 20 RMB/ton; Jinan Yuanfei quoted 400 RMB/ton, compared with the beginning of the week, the quotation increased by 50 RMB/ton; Taiyuan City Kunshengda quoted 120 RMB/ton on the weekend, compared with the beginning of the week, the price was temporarily stable.

From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has been rising recently, with better cost support. Moreover, the downstream market for ammonium biphosphate, DAP and bromine consolidated at a high level, which had a positive impact on sulfuric acid.

Market outlook

In late February, the sulphuric acid market in Shandong may fluctuate mainly. The upstream sulphur price has risen steadily recently, and the downstream market is in good condition. The downstream sulphuric acid purchase enthusiasm is normal, and the product trend is going up due to the contradiction between supply and demand. The sulphuric acid analyst of SunSirs believes that in the short term, under the influence of supply and demand and raw materials, the Shandong sulphuric acid market may fluctuate up slightly.

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