Domestic sulfuric acid prices rose 1.86% this week (3.11-3.17)

Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price rose slightly this week, with the sulfuric acid price rising from 268.33 yuan/ton at the end of last week to 273.33 yuan/ton at the end of this week, an increase of 1.86%. Compared with the same period last year, the year-on-year decrease was 71.63%. The sulfuric acid commodity index stood at 42.54 on March 19, unchanged from yesterday, down 77.38% from the cycle’s highest point of 188.07 (2022-04-13), and up 34.96% from the lowest point of 31.52 on June 6, 2019. (Note: The cycle refers to 2011-09-01 to now)

Upstream market fluctuates and falls, while downstream procurement enthusiasm is good

From the perspective of the upstream and downstream industrial chains, the upstream sulfur market declined slightly, with the sulfur price falling from 1223.33 yuan/ton at the end of last week to 1213.33 yuan/ton at the end of this week, a decrease of 0.82%. Compared to the same period last year, the year-on-year decline was 61.07%, with a slight decline in the upstream market and weakened cost support. The downstream hydrofluoric acid market has stabilized at a low level, with a market price of 9714.29 yuan/ton. Compared to the same period last year, the year-on-year decrease was 10.30%. The downstream titanium dioxide market has stabilized at a high level, with a market price of 17116.67 yuan/ton. Compared to the same period last year, the year-on-year decrease was 18.88%. Downstream prices fluctuate with each other, and downstream procurement enthusiasm is good.

Slightly volatile decline in the future market

In late March, the domestic sulfuric acid market may fluctuate slightly and fall mainly. The upstream sulfur market has recently declined slightly, and cost support has weakened. Downstream ammonium sulfate and hydrofluoric acid markets have stabilized at a low level, while titanium dioxide markets have stabilized at a high level. Downstream customers have a general enthusiasm for purchasing sulfuric acid, and the product trend has declined due to supply and demand conflicts. Sulfuric acid analysts from the Business Society believe that the short-term domestic sulfuric acid market is mainly affected by supply and demand, raw materials, and other factors, and the sulfuric acid market price may fluctuate slightly.