[Sulfuric acid] Sulfuric acid market price analysis on April 17

1. Market price of sulfuric acid in China

Unit: yuan/ton

Today, the price of sulfuric acid in China has temporarily stabilized. As of now, the factory price of 98% of smelting acid in Hubei is 200-330 yuan/ton, and the factory price of 98% of smelting acid in Gansu is 250-370 yuan/ton. In Gansu, due to the main acid companies reducing production, supply is less than demand, downstream demand remains stable, and acid prices have increased slightly; At present, downstream phosphate fertilizer demand in most regions is sluggish, new sulfuric acid orders are under high pressure, and China's acid prices have been adjusted to varying degrees. Although the acid prices have been lowered, downstream companies are still relatively cautious in purchasing, the market transaction atmosphere is deadlocked, and the sulfuric acid market is weak.

2. Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on April 17 was 358.27, which was the same as yesterday.

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.