[Sulfuric acid] Market price analysis of sulfuric acid on November 11

Analysis of sulfuric acid market price on November 11

1、 Market price of sulfuric acid in China

Unit: yuan/ton

Today, prices in some areas of China's sulfuric acid market have increased. As of now, the price of 98% of smelting acid in Zhejiang is 400-460 yuan/ton, and the price of 98% of smelting acid in Hubei is 420-470 yuan/ton; Recently, under the influence of the expected maintenance of major acid factories in some regions, the attitude of receiving goods in the downstream market has improved. In addition, the prices of sulfuric acid raw materials continue to rise, and some prices have followed suit; The overall atmosphere in the sulfuric acid market has rebounded, with the price of new orders increasing by 10-40 yuan/ton. Some regions have also temporarily waited and waited, and sulfuric acid prices may be expected to rise again.

2、 Sulfuric acid price index

According to calculations from TDD-global data, the sulfuric acid market price index on November 11 was 401.54, an increase of 6.45 from the previous working day, or 2%.

3、 market outlook

This week, some acid companies in South China and North China plan to resume production and release new production capacity. At the same time, some major acid factories in the market also have maintenance plans, and the market supply situation is still divided; demand for downstream phosphate fertilizer, titanium dioxide and other industries may decline, and demand for sulfuric acid may weaken, and the market wait-and-see atmosphere is strong. Due to the high level of acid factory inventories, market price increases are expected. Affected by supply, sulfuric acid prices may rise at a high level.