[Sulfuric acid] Analysis of Sulfuric acid market price on August 23

Analysis of sulfuric acid market price on August 23

1、 Chinese sulfuric acid market price

Unit: yuan/ton

Today, some areas of China's sulfuric acid market are operating weakly. As of now, the price of 98% ore acid in Shandong is 330-420 yuan/ton, and the price of 98% smelting acid is 80-410 yuan/ton; the price of 98% smelting acid in Hunan is 310-410 yuan/ton; Recently, major acid factories in some regions have resumed normal production, but there are still major acid factories in some regions that are in the maintenance stage, and the increase in sulfuric acid supply is limited; Demand in the downstream market has remained basically stable. Due to high acid prices, companies purchase more on demand. At present, China's sulfuric acid supply and demand relationship has basically remained balanced, but downstream cost pressure is high and the market is in a stalemate.

2、 Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on August 23 was 467.69, down 2.92 from yesterday, or 1%.

3、 market outlook

This week, the main acid plant units in North China are expected to resume construction, and early maintenance companies will resume one after another. The downstream phosphate fertilizer market demand is still relatively good, but with the impact of exports, the demand for sulfuric acid for phosphate fertilizer may also weaken in the later period; while titanium dioxide is due to cost impact, the game between supply and demand is obvious; at present, the inventories of acid companies are basically at a low level, the sulfuric acid market is divided regionally, companies have a strong wait-and-see attitude, and prices or shocks are mainly adjusted within a narrow range.