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SunSirs: On November 6th, Domestic Sulfuric Acid Prices Increased by 1.55%

November 07 2023 15:30:01     SunSirs (John)

Product name: Sulfuric acid

Latest price (November 6th): 262.00 RMB/ton

Analysis review

On November 6th, the domestic sulfuric acid market price slightly increased, with a price increase of 4 RMB/ton compared to November 3rd, an increase of 1.55%, and a year-on-year decrease of 35.78%.

The upstream sulfur market had recently slightly increased, with increased cost support. The downstream ammonium biphosphate market had slightly increased, and downstream customers had a good enthusiasm for purchasing sulfuric acid. Multiple positive factors led to a slight increase in the sulfuric acid market.

Market outlook

In the future, it is expected that the domestic sulfuric acid market price may continue to rise slightly, with an average market price of around 270 RMB/ton.

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