SunSirs: On March 29th, the Domestic Sulfuric Acid Price Fell by 2.60%
March 30 2023 14:25:15 SunSirs (John)
Price trend
On March 29, the domestic sulfuric acid market price was 250.00 RMB/ton, a slight decrease of 6.67 RMB/ton compared to March 28, a decrease of 2.60%, and a year-on-year decrease of 77.61% compared to the same period last year.
Analysis review
From the perspective of the upstream and downstream industrial chains, the upstream sulfur market had recently declined slightly, with insufficient cost support. The downstream ammonium sulfate market declined slightly, and downstream customers' enthusiasm for purchasing sulfuric acid weakened. The product trend declined due to the contradiction between supply and demand.
Market outlook
In the near future, the domestic sulfuric acid market price may fluctuate downward slightly, with an average market price of around 240 RMB/ton.
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