[Sulfuric Acid] Analysis of Sulfuric Acid Market Price on October 22

Analysis of sulfuric acid market price on October 22

1、 Market price of sulfuric acid in China

Unit: yuan/ton

Today, prices in Hunan and Hubei have increased slightly in the sulfuric acid market. As of now, the ex-factory price of 98% of smelted acid in Hunan is 240-350 yuan/ton, and the arrival price of 98% of smelted acid in Hubei is 380-420 yuan/ton; Recently, acid prices in some areas of the China market have increased slightly, mainly due to the demand for replenishment in the downstream market after the holiday, and more acid companies have gone to the warehouse; coupled with the rising sulfur price, the cost of sulphuric acid companies has increased, and the quotations have been firm; Downstream phosphate fertilizer, titanium dioxide and other industries maintain strong demand, but demand for phosphate fertilizer may weaken in the later period. This week, some acid plants in the market will also begin maintenance. Supply and demand in the sulfuric acid market will both decrease, and prices will stabilize in the short term.

2、 Sulfuric acid price index

According to calculations from TDD-global data, the sulfuric acid market price index on October 22 was 384.23, an increase of 8.85 or 2%, from yesterday.

3、 market outlook

This week, some acid companies will start maintenance one after another, but the release of new production capacity in Yunnan will continue to increase, and the market supply of sulfuric acid is still relatively sufficient; downstream demand is generally stable for the time being, and procurement is maintained. However, in the later period, major acid plants in some regions still have maintenance plans., prices may remain stable in the short term, and acid prices may continue to be significantly differentiated regionally in the long run.