Analysis of sulfuric acid market price on May 16

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May 16, 2023, 5:26 PM

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	on May 15	May 16	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	150-200	150-200	0
	Jiangsu area	98% sulfuric acid	100-230	100-230	0
	Zhejiang area	98% sulfuric acid	200-300	200-300	0
	Sichuan area	98% sulfuric acid	250-450	250-450	0
	Hebei region	98% sulfuric acid	200-260	200-260	0
smelting acid	Anhui area	98% smelting acid	20-80	20-80	0
	Shandong area	98% smelting acid	50-120	50-120	0
	Hunan area	98% smelting acid	50-160	50-160	0
	Jiangxi area	98% smelting acid	50-120	50-120	0
	Henan area	98% smelting acid	1-50	1-50	0
	Hubei area	98% smelting acid	10-130(Factory price)	10-130(Factory price)	0
	Guangxi region	98% smelting acid	160-260(Factory price)	160-260(Factory price)	0
	Yunnan region	98% smelting acid	230-280(Factory price)	230-280(Factory price)	0
	Fujian area	98% smelting acid	50-200	50-200	0
	Inner Mongolia region	98% smelting acid	100-160	100-160	0
	Liaoning area	98% smelting acid	100-240	100-240	0
	Sichuan area	98% smelting acid	50-200	50-200	0
	Guizhou area	98% smelting acid	150-200	150-200	0
	Zhejiang area	98% smelting acid	100-200	100-200	0
	Gansu region	98% smelting acid	10-80	10-80	0
mineral acid	Shandong area	98% mineral acid	110-140	110-140	0
	Guangdong area	98% mineral acid	120-220	120-220	0
	Hebei region	98% mineral acid	160-220	160-220	0
	Sichuan area	98% mineral acid	300-450	300-450	0

China's sulfuric acid market has stopped falling and stabilized. As of now, the price of 98% of sulfuric acid in Hebei is between 200-260 yuan/ton, and the price of 98% of ore acid is between 160-220 yuan/ton. Recently, the decline in the sulfuric acid market has slowed down, and prices in some areas have fallen to low levels. Enterprise cost pressure is high, and market quotations remain firm; The sulfuric acid market started stably, downstream demand remained average, the market maintained on-demand procurement, and the contradiction between supply and demand gradually emerged. However, due to high raw material prices, sulfuric acid prices remained stable.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on May 16 was 125.25, which was the same as yesterday.

3. Future outlook forecast

Some acid plants in Yunnan are planning to overhaul their units. Mining acid and sulfonic acid are expected to start operating under cost pressure. Market supply is shrinking, but downstream market demand continues to be weak and demand for sulfuric acid is insufficient. Recently, sulfuric acid prices have continued to fall, and prices in some regions have fallen. Low, downstream procurement enthusiasm is low, acid companies have high inventories, and the sulfuric acid market remains weak and stable.