SunSirs: On January 22nd, Domestic Sulfuric Acid Prices Fell by 9.64%
January 24 2024 14:51:39 SunSirs (John)
Product name: Sulfuric acid
Latest price (January 22): 187.50 RMB/ton
Analysis review
On January 22nd, the domestic sulfuric acid market price dropped significantly, with a decrease of 20 RMB/ton compared to January 19th, a decrease of 9.64%, and a year-on-year decrease of 30.98%. The upstream sulfur market had recently experienced a significant decline, with insufficient cost support. The downstream ammonium phosphate market had slightly declined, and downstream customers had weakened their enthusiasm for purchasing sulfuric acid. Multiple bearish factors led to a sharp decline in the sulfuric acid market.
Market outlook
It is expected that the domestic sulfuric acid market price will slightly decline in the future, with an average market price of around 170 RMB/ton.
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