[Sulfuric Acid] Analysis of Sulfuric Acid Market Price on April 28

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April 28, 2024, 5:40 PM

1. Market price of sulfuric acid in China

Unit: yuan/ton

Type of acid making	markets	Type of acid making	April 26	April 28	rise and fall
sulfuric acid	Shandong area	98% sulfuric acid	240-390	240-390	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	130-345	70-345	-60/0
	Hunan area	98% smelting acid	280-340	250-340	-30/0
	Jiangxi area	98% smelting acid	160-210	160-210	0
	Henan area	98% smelting acid	60-200	60-200	0
	Hubei area	98% smelting acid	180-300(Factory price)	180-300(Factory price)	0
	Guangxi region	98% smelting acid	450-550(Factory price)	450-530(Factory price)	0/-20
	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	300-450	300-450	0
	Zhejiang area	98% smelting acid	250-300	190-250	-60/-50
	Gansu region	98% smelting acid	250-370	250-370	0
mineral acid	Shandong area	98% mineral acid	190-280	190-280	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 still operating weakly. As of now, the ex-factory price of 98% of the smelting acid price in Shandong is at 70-345 yuan/ton, and the price of 98% of the smelting acid price in Zhejiang is at 190-250 yuan/ton; Downstream demand is weak, except for phosphate fertilizer demand has weakened, and the demand for compound fertilizers has basically ended. The shipment pressure of acid factories is high. The inventory of some companies has increased. In addition, some market participants have been bearish on the market behind, and sulfuric acid prices have been under pressure.

2. Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on April 28 was 316.35, down 16.92 from the previous working day, a decrease of 5%.

3. Future outlook forecast

Demand in the downstream sulfuric acid market is weak, the inventory of some acid plants has increased, while some acid plants under pre-maintenance have resumed production. The supply and demand game in the sulfuric acid market, and downstream companies are under cost pressure and temporarily maintain their just need to purchase. As the supply of sulfuric acid in some areas increases in the later period, acid prices or shocks downward.