[Sulfuric acid] Analysis of Sulfuric acid market price on January 3

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January 3, 2024, 5:23 PM

Analysis of sulfuric acid market price on January 3

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	January 2	January 3	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	170-260	170-260	0
	Jiangsu area	98% sulfuric acid	300-400	260-400	-40/0
	Zhejiang area	98% sulfuric acid	380-480	380-480	0
	Sichuan region (ex-factory price)	98% sulfuric acid	460-570	460-570	0
	Hebei region	98% sulfuric acid	180-280	180-280	0
smelting acid	Anhui area	98% smelting acid	230-280	130-180	-100/-100
	Shandong area	98% smelting acid	40-160	40-140	0/-20
	Hunan area	98% smelting acid	210-290	210-290	0
	Jiangxi area	98% smelting acid	180-250	180-250	0
	Henan area	98% smelting acid	50-150	40/130	-10/-20
	Hubei area	98% smelting acid	250-320(Factory price)	250-320(Factory price)	0
	Guangxi region	98% smelting acid	310-410(Factory price)	310-410(Factory price)	0
	Yunnan region	98% smelting acid	450-510(Factory price)	450-510(Factory price)	0
	Fujian area	98% smelting acid	170-320	170-320	0
	Inner Mongolia region	98% smelting acid	200-400	200-400	0
	Liaoning area	98% smelting acid	290-400	290-400	0
	Sichuan area (delivery price)	98% smelting acid	380-500	380-500	0
	Guizhou area	98% smelting acid	250-350	250-350	0
	Zhejiang area	98% smelting acid	350-410	350-410	0
	Gansu region	98% smelting acid	210-320	210-320	0
mineral acid	Shandong area	98% mineral acid	140-200	120-180	-20/-20
	Guangdong area	98% mineral acid	210-260	210-260	0
	Hebei region	98% mineral acid	160-250	160-250	0
	Sichuan region (ex-factory price)	98% mineral acid	430-550	430-550	0

Today, prices in some areas of China's sulfuric acid market continue to decline. As of now, the ex-factory price of 98% of the smelting acid prices in Shandong is between 40-140 yuan/ton, 98% of the ore acid prices are between 120-180 yuan/ton, and 98% of the smelting acid prices in Henan are between 40-130 yuan/ton; due to the decline in the start of the downstream phosphate fertilizer industry, demand for sulfuric acid has decreased, the market transaction atmosphere has turned empty, the inventory of some acid factories has increased, and the price of new orders of enterprises continues to decline; In addition, export demand has not been boosted, companies have high shipping pressure, market bearish sentiment is strong, and the sulfuric acid market is operating weakly.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on January 3 was 285.77, down 9.62 from yesterday, or 3%.

3. Future outlook forecast

This week, the main acid plants for early maintenance have been restored one after another, and supply will increase; due to the market downturn in the downstream phosphate fertilizer and chemical industries, demand may decrease again in the later period. Coupled with weak support in the export market, supply and demand in the sulfuric acid market are unbalanced, and market prices are stable and weak.