[Sulfuric acid] Sulfuric acid market price analysis on January 16

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January 16, 2024, 5:38 PM

Analysis of sulfuric acid market price on January 16

1. Analysis of China's sulfuric acid market price

Unit: yuan/ton

Type of acid making	markets	Type of acid making	on January 15	on January 16	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	100-220	100-220	0
	Jiangsu area	98% sulfuric acid	150-280	150-280	0
	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	80-130	80-130	0
	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	70-140	70-140	0
	Henan area	98% smelting acid	30/130	30/130	0
	Hubei area	98% smelting acid	160-200(Factory price)	160-200(Factory price)	0
	Guangxi region	98% smelting acid	310-410(Factory price)	310-410(Factory price)	0
	Yunnan region	98% smelting acid	410-510(Factory price)	390-470(Factory price)	-20/-40
	Fujian area	98% smelting acid	220-340	200-260	-20/-80
	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	280-470	280-470	0
	Guizhou area	98% smelting acid	250-350	250-350	0
	Zhejiang area	98% smelting acid	200-240	200-240	0
	Gansu region	98% smelting acid	180-290	180-290	0
mineral acid	Shandong area	98% mineral acid	60-130	60-130	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, China's sulfuric acid market is operating weakly and steadily. As of now, the ex-factory price of 98% of smelting acid in Liaoning is 290-400 yuan/ton, the ex-factory price of 98% of ore acid in Jilin is 380-680 yuan/ton, and the factory price of 98% of smelting acid in Yunnan is 390-470 yuan/ton; the downstream market is weak, and the supply of sulfuric acid is relatively sufficient, and the market supply and demand relationship is unbalanced. Today, prices in some regions have been reduced slightly; Acid prices in the north have basically remained stable, and companies have just needed to purchase. The pressure on shipment of acid plants is not great for the time being. However, the overall operation of China's sulfuric acid market has been weak, and the market has a strong wait-and-see attitude.

2. Analysis of sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on January 16 was 236.35, down 6.15 from yesterday, or 3%.

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.