[Sulfuric Acid] Analysis of Sulfuric Acid Market Price on April 23

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April 23, 2024, 5:48 PM

1. Market price of sulfuric acid in China

Unit: yuan/ton

Type of acid making	markets	Type of acid making	April 22	April 23	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	260-390	260-390	0
	Jiangsu area	98% sulfuric acid	280-380	280-380	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	200-240	200-240	0
	Shandong area	98% smelting acid	110-345	110-345	0
	Hunan area	98% smelting acid	350-410	280-340	-70/-70
	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	190-300(Factory price)	180-300(Factory price)	-10/0
	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	250-300	250-300	0
	Gansu region	98% smelting acid	250-370	250-370	0
mineral acid	Shandong area	98% mineral acid	200-300	190-280	-10/-20
	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, prices in some areas of China's sulfuric acid market are still weak. As of now, the price of 98% of smelted acid in Hubei is between 180-300 yuan/ton, and the price of 98% of smelted acid in Hunan is between 280-340 yuan/ton; Affected by the continuous downward adjustment of acid prices in some regions in recent days, acid prices in Hunan, Hubei and other regions have followed suit. In addition, the inventory of downstream enterprises is relatively sufficient, and demand for sulfuric acid remains strong, and sulfuric acid prices are operating under pressure; This week, areas around Guangdong were affected by rainfall, and the start of some acid plants was restricted. Coupled with the low inventory of acid plants, acid prices were temporarily stable and weak.

2. Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on April 23 was 342.12, down 5.77 from yesterday, or 2%.

3. Future outlook forecast

Demand for sulfuric acid continued to weaken, while some acid plants under pre-maintenance resumed production. The supply and demand game in the sulfuric acid market resulted in a temporary stabilization of demand in the downstream chemical industry. However, companies were under cost pressure and temporarily maintained their need for procurement. As the supply of sulfuric acid in some areas increased in the later period, the acid price or shock downward.