SunSirs: Domestic Sulfuric Acid Prices Fell by 1.53% This Week (May 1-7)
May 09 2023 14:38:33     SunSirs (John)Price trend
According to the commodity market analysis system of SunSirs, the price of domestic sulfuric acid market fell slightly this week, from 218.33 RMB/ton at the beginning of the week to 215.00 RMB/ton at the end of the week, down 1.53%. Weekend prices fell by 81.17% year-on-year.
On May 7th, the sulfuric acid commodity index was 33.46 points, unchanged from the previous day, a decrease of 82.21% from the cycle's highest point of 188.07 points (2022-04-13), and a 6.15% increase from the lowest point of 31.52 points on June 6th, 2019. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Upstream market slightly rose, while downstream procurement enthusiasm weakened
From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers had slightly decreased this week, with average inventory levels in manufacturers. The weekend quotation of Heze Jiangyuan for sulfuric acid was 130 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend quotation of Zouping Tianlu for sulfuric acid was 180 RMB/ton, which was temporarily stable compared to the beginning of the week; Shandong Jianlong sulfuric acid was quoted at 300 RMB/ton over the weekend, which was temporarily stable compared to the beginning of the week; Changzhou Qinghong Sulfuric Acid had a weekend quotation of 180 RMB/ton, which was temporarily stable compared to the beginning of the week; The quotation for Changzhou Yangtze River sulfuric acid over the weekend was 220 RMB/ton, which was temporarily stable compared to the beginning of the week; The quotation of Xiangcheng San'an for sulfuric acid over the weekend was 280 RMB/ton, a decrease of 20 RMB/ton compared to the beginning of the week.
From the perspective of the upstream and downstream industry chains, the upstream sulfur market had slightly increased, with sulfur prices rising from 720.00 RMB/ton at the beginning of the week to 750.00 RMB/ton at the weekend, an increase of 4.17%. Over the weekend, prices fell 79.75% year-on-year, with a slight increase in upstream prices and good cost support. The downstream hydrofluoric acid market declined slightly, with the market price falling from 10,271.43 RMB/ton at the beginning of the week to 10,128.57 RMB/ton at the end of the week, down 1.39%. Weekend prices fell 13.58% year-on-year. The downstream titanium dioxide market was adjusted at a low level, and the market price was 16,950.00 RMB/ton. Weekend prices fell by 19.41% year-on-year. The downstream market had slightly declined, and the enthusiasm for downstream procurement had weakened.
Market outlook
In mid to early May, the domestic sulfuric acid market may experience slight fluctuations and declines. The upstream sulfur market started to decline slightly over the weekend, with insufficient cost support. Downstream titanium dioxide and hydrofluoric acid market declined slightly, downstream customers' purchasing enthusiasm for sulfuric acid weakened, and the product trend declined under the contradiction between supply and demand. The sulfuric acid analysts of SunSirs believe that in the short term, under the influence of supply and demand, raw materials and other aspects of the domestic sulfuric acid market, the price of the sulfuric acid market may fall slightly.
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