SunSirs: On July 14th, Domestic Sulfuric Acid Prices Fell by 2.25%
July 17 2023 10:34:38 SunSirs (John)
Product name: Sulfuric acid
Latest price (July 14th): 174.00 RMB/ton
Analysis review
On July 14th, the domestic sulfuric acid market price slightly decreased, with a decrease of 4 RMB/ton compared to July 13th, a decrease of 2.25%, and a year-on-year decrease of 81.13%.
From the perspective of the upstream and downstream industry chains, the upstream sulfur market recently stabilized at a high level, with average cost support. The downstream market for hydrofluoric acid and titanium dioxide had slightly declined, and downstream customers' enthusiasm for purchasing sulfuric acid had weakened. Under the contradiction between supply and demand, the product trend declined.
Market outlook
In the future, it is expected that the domestic sulfuric acid market price may fluctuate and decrease slightly in the near future, with an average market price of around 160 RMB/ton.
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