Weekly review of sulfuric acid (8.23-8.29)

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August 29, 2024, 5:38 PM

1. Analysis of Chinese Sulfuric Acid Market

This week, some prices in China's sulfuric acid market are operating weakly. As of now, the ex-factory price of 98% of ore acid in Sichuan is 800-930 yuan/ton, and the factory price of 98% of smelting acid is 600-850 yuan/ton; 98% of ore acid in Guangdong is at 380-450 yuan/ton; the acid price is high, and the cost pressure on downstream companies is high. In addition, due to market influence, some industries need to decline, sulfuric acid shipments are under great pressure, and the prices of new orders in some regions are gradually favorable; There are still some acid plants undergoing maintenance this week, and there is not much pressure on enterprises 'inventory. However, with the increase in supply expectations in the later period, it is difficult for demand to recover, and the market supply and demand relationship may be unbalanced. Sulfuric acid prices are mainly discussed, and the market has a wait-and-see mood.

2. Mainstream prices in sulfuric acid markets in major regions of China

Yuan/ton