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SunSirs: On March 4th, Domestic Sulfuric Acid Prices Increased by 7.82%

March 05 2024 14:03:46     SunSirs (John)

Product name: Sulfuric acid

Latest price (March 4th): 241.25 RMB/ton

Analysis review

On March 4th, the domestic sulfuric acid market price significantly increased, with a price increase of 17.5 RMB/ton compared to March 1st, an increase of 7.82%, and a year-on-year decrease of 6.01%.

The upstream sulfur market had recently seen a significant increase, with increased cost support. The downstream market for ammonium biphosphate and titanium dioxide had slightly increased, and downstream customers were more proactive in purchasing sulfuric acid. Under multiple favorable factors, the sulfuric acid market had surged.

Market outlook

It is expected that the domestic sulfuric acid market price will slightly increase in the future, with an average market price of around 250 RMB/ton.

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