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

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April 16, 2024, 5:35 PM

1. Market price of sulfuric acid in China

Unit: yuan/ton

Type of acid making	markets	Type of acid making	April 15	April 16	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	300-390	300-390	0
	Jiangsu area	98% sulfuric acid	310-430	310-430	0
	Zhejiang area	98% sulfuric acid	380-480	380-480	0
	Sichuan region (ex-factory price)	98% sulfuric acid	580-680	580-680	0
	Hebei region	98% sulfuric acid	290-410	290-410	0
smelting acid	Anhui area	98% smelting acid	240-290	200-240	-40/-50
	Shandong area	98% smelting acid	110-345	110-345	0
	Hunan area	98% smelting acid	350-410	350-410	0
	Jiangxi area	98% smelting acid	250-300	250-300	0
	Henan area	98% smelting acid	60-200	60-200	0
	Hubei area	98% smelting acid	260-360(Factory price)	200-330(Factory price)	-60/-30
	Guangxi region	98% smelting acid	450-550(Factory price)	450-550(Factory price)	0
	Yunnan region	98% smelting acid	460-550(Factory price)	460-550(Factory price)	0
	Fujian area	98% smelting acid	380-480	380-480	0
	Inner Mongolia region	98% smelting acid	270-420	270-420	0
	Liaoning area	98% smelting acid	260-430	260-430	0
	Sichuan area (delivery price)	98% smelting acid	450-550	450-550	0
	Guizhou area	98% smelting acid	450-550	450-550	0
	Zhejiang area	98% smelting acid	310-350	310-350	0
	Gansu region	98% smelting acid	220-340	250-370	30/30
mineral acid	Shandong area	98% mineral acid	200-300	200-300	0
	Guangdong area	98% mineral acid	380-450	380-450	0
	Hebei region	98% mineral acid	280-380	280-380	0
	Sichuan region (ex-factory price)	98% mineral acid	580-680	580-680	0

Today, China's sulfuric acid market is mixed. As of now, the ex-factory price of 98% of the smelting acid price in Shandong is at 110-345 yuan/ton, 98% of the smelting acid price in Hubei is at 200-330 yuan/ton, and 98% of the smelting acid price in Gansu is at 250-370 yuan/ton; recently, the sulfuric acid market has been polarized. On the one hand, some acid companies are under inventory pressure, and new acid prices have been reduced slightly; On the other hand, downstream demand is basically stable. With the reduction of equipment in the region, supply remains tight and the market has made up for it slightly.

2. Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on April 16 was 358.27, down 6.62 from yesterday, or 2%.

3. Future outlook forecast

This month, the main acid factories in some regions took turns for maintenance. The overall market supply shrank, the demand for downstream phosphate fertilizers weakened, and the supply and demand of the sulfuric acid market were both weak. The market supply and demand were in a game. Sulfuric acid prices were expected to fluctuate, and the transaction price was negotiated on a single basis. However, as the maintenance companies resumed production in the later period, the supply of sulfuric acid is expected to increase, and the acid price may have downward expectations.