SunSirs: On November 17th, Domestic Sulfuric Acid Prices Increased by 10.37%
November 20 2023 10:59:52 SunSirs (John)
Product name: Sulfuric acid
Latest price (November 17th): 298.00 RMB/ton
Analysis review
On November 17th, the domestic sulfuric acid market price significantly increased, with a price increase of 28 RMB/ton compared to November 16th, an increase of 10.37%, and a year-on-year decrease of 13.87%.
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. Under multiple positive factors, the sulfuric acid market had risen significantly.
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 305 RMB/ton.
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