Analysis of sulfuric acid market price on July 3

109,443

July 3, 2023, 5:21 PM

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	June 30	July 3	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	130-200	130-200	0
	Jiangsu area	98% sulfuric acid	120-200	120-200	0
	Zhejiang area	98% sulfuric acid	200-300	200-300	0
	Sichuan area	98% sulfuric acid	350-450	350-450	0
	Hebei region	98% sulfuric acid	150-250	150-250	0
smelting acid	Anhui area	98% smelting acid	10-50	10-50	0
	Shandong area	98% smelting acid	30-110	1-80	-29/-30
	Hunan area	98% smelting acid	50-160	50-160	0
	Jiangxi area	98% smelting acid	60-120	60-120	0
	Henan area	98% smelting acid	1-50	1-50	0
	Hubei area	98% smelting acid	50-150(Factory price)	50-150(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	80-200	80-200	0
	Inner Mongolia region	98% smelting acid	30-120	20-120	-10/0
	Liaoning area	98% smelting acid	80-160	40-120	-40/-40
	Sichuan area	98% smelting acid	100-200	100-200	0
	Guizhou area	98% smelting acid	150-200	150-200	0
	Zhejiang area	98% smelting acid	50-150	50-150	0
	Gansu region	98% smelting acid	1-10	1-10	0
mineral acid	Shandong area	98% mineral acid	110-140	50-100	-60/-40
	Guangdong area	98% mineral acid	100-200	100-200	0
	Hebei region	98% mineral acid	50-200	50-200	0
	Sichuan area	98% mineral acid	300-450	300-450	0

Today, prices in some areas of China's sulfuric acid market are weak and downward. As of now, the ex-factory price of 98% of smelted acid in Shandong is between 1-80 yuan/ton, and the ex-factory transaction price of 98% of smelted acid in Henan is between 1-50 yuan/ton; Recently, some factories in Shandong have restored their equipment, and companies planning crude oil maintenance have postponed maintenance. Supply in the region has increased. However, demand in the downstream market is weak, acid companies have experienced pressure on shipments, and the price of new orders in the market has declined in a narrow range; The phosphate fertilizer and titanium dioxide markets are still in the off-season, market supply and demand are still unbalanced, and the sulfuric acid market remains weak.

2. Analysis of sulfuric acid price index

According to Tuduo data, the market price index of sulfuric acid on July 3 was 103.46, a decrease of 5% from the previous working day, and the price was lowered by 5.79.

3. Future outlook forecast

Recently, the supply of sulfuric acid in the market has remained sufficient. Some companies planning to maintain maintenance in the early stage have postponed maintenance. While the downstream chemical and phosphate fertilizer industries are in the off-season, it is difficult to increase market demand. The market supply and demand are in an unbalanced state. Some manufacturers have offered preferential prices for active shipment. If the transaction price is negotiated at a single price, the sulfuric acid market will continue to operate in a weak position in the short term.