[Sulfuric acid] Sulfuric acid market price analysis on January 15

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January 15, 2024, 5:12 PM

Analysis of sulfuric acid market price on January 15

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	on January 12	on January 15	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	100-260	100-220	0/-40
	Jiangsu area	98% sulfuric acid	180-350	150-280	-30/-70
	Zhejiang area	98% sulfuric acid	380-480	380-480	0
	Sichuan region (ex-factory price)	98% sulfuric acid	430-550	430-550	0
	Hebei region	98% sulfuric acid	160-260	160-260	0
smelting acid	Anhui area	98% smelting acid	130-180	80-130	-50/-50
	Shandong area	98% smelting acid	10-95	10-95	0
	Hunan area	98% smelting acid	180-240	180-240	0
	Jiangxi area	98% smelting acid	130-200	70-140	-60/-60
	Henan area	98% smelting acid	30/130	30/130	0
	Hubei area	98% smelting acid	200-250(Factory price)	160-200(Factory price)	-40/-50
	Guangxi region	98% smelting acid	310-410(Factory price)	310-410(Factory price)	0
	Yunnan region	98% smelting acid	410-510(Factory price)	410-510(Factory price)	0
	Fujian area	98% smelting acid	170-320	170-320	0
	Inner Mongolia region	98% smelting acid	160-400	160-400	0
	Liaoning area	98% smelting acid	290-400	290-400	0
	Sichuan area (delivery price)	98% smelting acid	300-500	280-470	-20/-30
	Guizhou area	98% smelting acid	250-350	250-350	0
	Zhejiang area	98% smelting acid	270-310	200-240	-70/-70
	Gansu region	98% smelting acid	180-290	180-290	0
mineral acid	Shandong area	98% mineral acid	80-130	60-130	-20/0
	Guangdong area	98% mineral acid	180-230	180-230	0
	Hebei region	98% mineral acid	120-240	120-240	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 are low and downward. As of now, the ex-factory price of smelted acid in Zhejiang is 200-240 yuan/ton, 98% of smelted acid in Shandong is 10-95 yuan/ton, and 98% of smelted acid in Sichuan. The factory price is 280-470 yuan/ton; Due to the weakness of the downstream market and insufficient support for sulfuric acid market demand, some companies are under pressure to ship. Coupled with the approaching Spring Festival holiday, the demand for storage and storage of acid plants has dropped. Today, the prices of new orders in most regions such as Sichuan, Anhui, and Zhejiang have been lowered; although raw material sulfur prices are firm and acid companies are under high cost pressure, the price of smelting acid continues to fall, the pressure on sulfuric acid shipments is also great, and the sulfuric acid market remains weak.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on January 15 was 242.5, down 18.46 from the previous working day, or 7%.

3. Future outlook forecast

At present, the start-up of China's major acid plants has remained basically stable, and the market supply is sufficient. However, the downstream phosphate fertilizer and titanium dioxide markets are weak, and the supply and demand of the sulfuric acid market are unbalanced. In addition, as the Spring Festival holiday approaches, enterprises have reduced their storage needs. Under the influence of increased inventory pressure and falling market prices, the sulfuric acid market may start to decline in the later period.