[Sulfuric Acid] Analysis of Sulfuric Acid Market Price on September 10

Analysis of sulfuric acid market price on September 10

1、 Chinese sulfuric acid market price

Unit: yuan/ton

Today, China's sulfuric acid market is still operating under pressure. As of now, the factory price of 98% of smelted acid in Hubei is 350-400 yuan/ton, and the factory price of 98% of smelted acid in Henan is 200-300 yuan/ton. The downstream market has started to decline, demand for sulphuric acid has decreased, acid companies in some regions have high shipping pressure, inventories have increased, the transaction atmosphere is relatively sluggish, and prices have been lowered within a narrow range; Coupled with the release of new production capacity in the Chinese market in the later period, market supply and demand were unbalanced, negative sentiment was obvious, and prices were weak and stable.

2、 Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on September 10 was 421.15, down 3.46 from yesterday, or 1%.

3、 market outlook

The start of the sulfuric acid market has basically remained at a high level. Coupled with the increase in new production capacity in the later period, demand continues to be weak. The supply and demand relationship in the sulfuric acid market may gradually be unbalanced, and supply exceeds demand gradually appears. Acid prices in some regions may be expected to decline again. Prices in some regions are expected to maintain stability.