[Sulfuric Acid] Analysis of Sulfuric Acid Market Price on January 8

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January 8, 2024, 5:25 PM

Analysis of sulfuric acid market price on January 8

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	on January 5,2021	January 8	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	150-260	100-260	-50/0
	Jiangsu area	98% sulfuric acid	260-350	220-350	-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	160-260	160-260	0
smelting acid	Anhui area	98% smelting acid	130-180	130-180	0
	Shandong area	98% smelting acid	10-120	10-120	0
	Hunan area	98% smelting acid	210-290	180-240	-30/-50
	Jiangxi area	98% smelting acid	130-200	130-200	0
	Henan area	98% smelting acid	40/130	30/130	-10/0
	Hubei area	98% smelting acid	200-250(Factory price)	200-250(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	270-310	270-310	0
	Gansu region	98% smelting acid	210-320	210-320	0
mineral acid	Shandong area	98% mineral acid	90-150	80-130	-10/-20
	Guangdong area	98% mineral acid	210-260	180-230	-30/-30
	Hebei region	98% mineral acid	120-240	120-240	0
	Sichuan region (ex-factory price)	98% mineral acid	430-550	430-550	0

Today, China's sulfuric acid market is still weak. As of now, the ex-factory price of 98% of the smelting acid price in Shandong is between 10-120 yuan/ton, and the ex-factory price of 98% of the smelting acid in Hunan is between 100-230 yuan/ton. Recently, the sulfuric acid market has been on a downward trend. Under high supply and low demand, the market has been on a downward trend. Last week, sulfuric acid prices in most regions mainly declined. Today, prices in some regions will decline again, and the market transaction atmosphere is light; The sulfuric acid market has a strong wait-and-see attitude, coupled with the weakening of the downstream phosphate fertilizer market, sulfuric acid shipments are under pressure, and price adjustments in some regions are the main focus.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on January 8 was 268.85, down 3.46 from the previous working day, or 1%.

3. Future outlook forecast

This week, new sulfuric acid production capacity was released in Henan, and the market sulfuric acid resources were relatively sufficient. However, the downstream market operation weakened, and the start-up showed a downward trend. Demand for sulfuric acid decreased. Market supply and demand were gradually unbalanced. The inventory of acid plants increased, and market prices continued to decrease. In the later period, there are further downward expectations for acid prices in some regions.