Recent trends in sulfuric acid prices
According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has slightly declined this week, with sulfuric acid prices dropping from 188.00 yuan/ton at the beginning of the week to 178.00 yuan/ton at the end of the week, a decrease of 5.32%. Weekend prices fell by 81.26% year-on-year. On July 9th, the sulfuric acid commodity index stood at 27.70, unchanged from yesterday and reaching a historic low within the cycle, a decrease of 85.27% from its highest point of 188.07 on April 13, 2022. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Upstream market slightly rises, but downstream procurement enthusiasm is insufficient
From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have slightly decreased this week, with average inventory levels among manufacturers.
From the perspective of the upstream and downstream industry chains, the upstream sulfur market has slightly increased, with sulfur prices rising from 713.33 yuan/ton at the beginning of the week to 730.00 yuan/ton at the weekend, an increase of 2.34%. Over the weekend, prices fell 76.95% year-on-year, with a slight increase in upstream prices and increased cost support. The downstream hydrofluoric acid market has stabilized at a low level, with a market price of 9585.71 yuan/ton. Weekend prices fell 10.41% year-on-year. The downstream titanium dioxide market slightly declined, with market prices dropping from 16133.33 yuan/ton at the beginning of the week to 15650.00 yuan/ton at the weekend, a decrease of 3.00%. Weekend prices fell by 22.07% year-on-year. The downstream market has slightly declined, and the enthusiasm for downstream procurement has weakened.
Small fluctuation and decline in the future market
In mid to late July, the domestic sulfuric acid market may experience slight fluctuations and declines. Although the upstream sulfur market has slightly increased, cost support is good. However, the downstream titanium dioxide market has slightly declined, while the hydrofluoric acid market has stabilized at a low level. Downstream customers’ enthusiasm for purchasing sulfuric acid has weakened, and the product trend has declined due to supply-demand conflicts. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate and decline slightly.
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