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

Analysis of sulfuric acid market price on September 23

1、 Market price of sulfuric acid in China

Unit: yuan/ton

Today, China's sulfuric acid market has stabilized and moved slightly. Sulfuric acid prices in Hunan and Guangxi have been slightly lowered. As of now, the ex-factory price of 98% of smelted acid in Hunan is between 210-320 yuan/ton, and the price of 98% of smelted acid in Guangxi is between 380-500 yuan/ton; As the National Day holiday is approaching, due to inventory pressure, the prices of new orders from acid factories in most regions have been lowered one after another, resulting in weakening market purchasing sentiment, and companies are cautious and wait and see; In addition, as parking companies plan to resume production in the early stage, sulfuric acid supply is expected to increase, making it difficult to balance market supply and demand, and the transaction price is negotiated on a single basis.

2、 Sulfuric acid price index

According to Tuduo data, the sulfuric acid market price index on September 23 was 375.38, down 5.0 from the previous working day, or 1%.

3、 market outlook

Demand in the downstream market is weak, and inquiries in the sulfuric acid market are still weak. Coupled with the approaching holiday, some acid factories have high inventory pressure, and the price of new orders is mainly adjusted within a narrow range. In addition, new production capacity in the market has yet to be released, making it difficult to balance the supply and demand relationship, and market transactions are sluggish., the sulfuric acid market is still weakening.