SunSirs: The Domestic Sulfuric Acid Market Price may Drop Slightly in the Near Future
March 30 2023 14:05:49The latest price of sulfuric acid (3-29): 250.00 RMB / ton, the market outlook is bearish
Analysis points: On March 29, the domestic sulfuric acid market price fell slightly, 6.67 RMB/ton or 2.60% lower than the price on the 28th, and 77.61% lower than the same period last year. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has fallen slightly recently, and the cost support is insufficient. The downstream ammonium sulfate market fell slightly, the enthusiasm of downstream customers to purchase sulfuric acid weakened, and the product trend declined due to the contradiction between supply and demand.
Market outlook forecast: The domestic sulfuric acid market price may fluctuate slightly in the near future, and the average market price is around 240 RMB/ton.
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