[Sulfuric acid] Analysis of sulfuric acid market price on November 8

92,400

November 9, 2023, 6:18 PM

Analysis of sulfuric acid market price on November 8

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	November 7	November 8	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	200-260	200-260	0
	Jiangsu area	98% sulfuric acid	300-400	300-400	0
	Zhejiang area	98% sulfuric acid	380-480	380-480	0
	Sichuan region (ex-factory price)	98% sulfuric acid	460-550	460-550	0
	Hebei region	98% sulfuric acid	180-300	180-300	0
smelting acid	Anhui area	98% smelting acid	160-210	160-210	0
	Shandong area	98% smelting acid	80-180	80-180	0
	Hunan area	98% smelting acid	200-280	200-280	0
	Jiangxi area	98% smelting acid	100-150	100-150	0
	Henan area	98% smelting acid	20-150	20-150	0
	Hubei area	98% smelting acid	240-260(Factory price)	240-260(Factory price)	0
	Guangxi region	98% smelting acid	430-500(Factory price)	430-500(Factory price)	0
	Yunnan region	98% smelting acid	430-490(Factory price)	430-490(Factory price)	0
	Fujian area	98% smelting acid	220-340	140-260	-80/-80
	Inner Mongolia region	98% smelting acid	200-340	200-340	0
	Liaoning area	98% smelting acid	240-370	240-370	0
	Sichuan area (delivery price)	98% smelting acid	280-450	280-450	0
	Guizhou area	98% smelting acid	280-350	280-350	0
	Zhejiang area	98% smelting acid	280-340	280-340	0
	Gansu region	98% smelting acid	180-290	180-290	0
mineral acid	Shandong area	98% mineral acid	170-220	170-220	0
	Guangdong area	98% mineral acid	250-330	250-330	0
	Hebei region	98% mineral acid	160-250	160-250	0
	Sichuan region (ex-factory price)	98% mineral acid	450-550	450-550	0

Today, the overall price of sulfuric acid in China is stable. As of now, the ex-factory price of 98% of smelted acid in Fujian is between 140-260 yuan/ton, and the price of 98% of smelted acid in Zhejiang is between 280-340 yuan/ton. Recently, the overall shipment situation in the sulphuric acid market has eased. Manufacturers have removed more inventories, downstream market demand is stable, and market supply and demand are relatively balanced; Prices in individual regions have adjusted within a narrow range. Acid prices in Fujian have been lowered by the previous surrounding acid prices, and downstream demand in the region has been sluggish. Companies have put pressure on shipments, and the price of new orders has been lowered.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on November 8 was 272.69, an increase of 6.15 from yesterday, or a decrease of 2%.

3. Future outlook forecast

This week, the storage and maintenance plan of the main acid plants in Guangxi, coupled with the decrease in supply in Shandong last week, the sulfuric acid market is currently expected to shrink supply, and downstream phosphate fertilizer demand has picked up. Shipments from some acid plants have been relatively smooth, and the market supply and demand relationship has improved., sulfuric acid prices have rebounded upward at a low level; however, demand in the chemical industry is still relatively sluggish. It is expected that the sulfuric acid market will diverge in the short term, and market prices will be mixed.