SunSirs: On August 14th, Domestic Sulfuric Acid Prices Increased by 17.98%
August 16 2023 14:20:48 SunSirs (John)
Product name: Sulfuric acid
Latest price (August 14th): 210.00 RMB/ton
Analysis review
On August 14th, the domestic sulfuric acid market price significantly increased, with a price increase of 32 RMB/ton compared to August 11th, an increase of 17.98%, and a year-on-year decrease of 53.98%.
The upstream sulfur market had continued to rise recently, with increased cost support. The downstream ammonium sulfate market had slightly increased, and downstream customers had a good enthusiasm for purchasing sulfuric acid. Multiple positive factors had led to an upward trend in product trends.
Market outlook
In the future, it is expected that the domestic sulfuric acid market price may fluctuate upward slightly, with an average market price of around 230 RMB/ton.
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