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SunSirs: Shandong Sulfuric Acid Prices Rose by 2.35% This Week (April 19-23)
April 26 2021 17:28:20SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the distribution price of sulfuric acid in Shandong increased this week, with the quotation rising from 566.67 RMB/ton at the beginning of the week to 580.00 RMB/ton at the weekend, an increase of 2.35%, and a increase of 98.29% year-on-year. On the whole, the sulphuric acid market rose this week, and the sulphuric acid commodity index on April 23 was 90.27.

Analysis review  

Judging from the manufacturers' quotations, the prices of mainstream sulfuric acid manufacturers in Shandong region increased this week, the manufacturers' inventory was large, and the downstream demand was average. Heze Jiangyuan’s weekend price was 720 RMB/ton, compared with the beginning of the week, the quotation increased by 40 RMB/ton; Zouping Tianlu’s weekend quotation was 570 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Jinan Yuanfei’s quotation was 450 RMB/ton, 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 consolidated at a high level recently, and the cost support was relatively good. Moreover, the downstream market for ammonium biphosphate, DAP, and bromine was also rising, which had a positive impact on sulfuric acid.

Market outlook

In late April, the sulphuric acid market in Shandong may fluctuate upward mainly. The upstream sulphur price has consolidated at a high level recently, and the situation in the downstream market is 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 mainly.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

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