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SunSirs: Domestic Sulfuric Acid Prices Fell 2.97% This Week (January 14-20)
January 29 2023 13:29:01SunSirs(John)

Price trend

As can be seen from the above figure, the domestic sulfuric acid market price fell slightly this week, with the price of sulfuric acid falling from 280.00 RMB/ton at the end of last week to 271.67 RMB/ton at the end of this week, a decrease of 2.97%. Compared with the same period last year, it fell 58.94% year on year.

The sulfuric acid commodity index was 42.28 on January 27, which was the same as the previous day, down 77.52% from the highest point of 188.07 points (2022-04-13) in the cycle, and up 34.14% from the lowest point of 31.52 points on June 6, 2019. (Note: the period refers to September 1, 2011 to now)

Upstream market fluctuated and fell, and downstream purchasing enthusiasm decreased

From the manufacturer's quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, and the manufacturer's inventory was average. Heze Jiangyuan sulfuric acid quoted 130 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Zouping Tianlu sulfuric acid quoted 150 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Shandong Jianlong sulfuric acid quoted 300 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Changzhou Qinghong Sulfuric Acid quoted 350 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Changzhou Changjiang Sulfuric acid quoted 350 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Xiangcheng San'an sulfuric acid quoted 350 RMB/ton at the end of this week, down 50 RMB/ton from the end of last week.

From the perspective of the upstream and downstream industrial chains, the upstream sulfur market declined slightly, with the sulfur price falling by 9.49% from 1,300.00 RMB/ton at the end of last week to 1,176.67 RMB/ton at the end of this week. Compared with the same period last year, the year-on-year decline was 44.76%, the upstream market fluctuated and fell, and the cost support weakened. The market price of hydrofluoric acid in the downstream market was low and consolidated, and the market price was 11,214.29 RMB/ton. Compared with the same period last year, it fell 4.15% year-on-year. The market price of titanium dioxide in the downstream market was low and consolidated, and the market price was 15,933.33 RMB/ton. Compared with the same period last year, it fell 23.58% year-on-year. Downstream market was low and consolidated, and the enthusiasm of downstream procurement was weakened.

Market outlook

In the middle and early February, the domestic sulfuric acid market may fall slightly in shock. The upstream sulfur market has been fluctuating and falling recently, and the cost support has weakened. The market of hydrofluoric acid, ammonium sulfate and titanium dioxide in the downstream market has been consolidated at a low level, and the enthusiasm of downstream customers to purchase sulfuric acid has weakened, and the product trend has declined under the contradiction between supply and demand. The sulfuric acid analyst of SunSirs believes that in the short term, the domestic sulfuric acid market price may fall slightly in shock due to the impact of supply and demand and raw materials.

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