Recent price trend of sulfuric acid

As can be seen from the figure above, the price of domestic sulfuric acid market fell slightly this week. The price of sulfuric acid fell from 418.00 yuan/ton at the end of last week to 408.00 yuan/ton at the end of this week, a decline of 2.39%, 51.33% year-on-year compared with the same period last year. On November 6, the sulphuric acid commodity index was 63.50, unchanged from yesterday, down 66.24% from the cycle’s highest point of 188.07 (2022-04-13), and up 101.46% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

The upstream market declined slightly, while the downstream purchasing enthusiasm was average

From the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers fell slightly this week, and the manufacturer’s inventory was average.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market declined slightly. The price of sulfur fell from 1350.00 yuan/ton at the end of last week to 1250.00 yuan/ton at the end of this week, a drop of 7.41%. Compared with the same period last year, it fell 41.13% year on year. The upstream market declined slightly, and the cost support weakened. The downstream hydrofluoric acid market rose slightly, with the market price rising from 10442.86 yuan/ton at the end of last year to 11128.57 yuan/ton at the end of this week, an increase of 6.57% and a year-on-year decrease of 19.88% compared with the same period last year. The downstream titanium dioxide market declined slightly, with the market price falling 0.52% from 16016.67 yuan/ton at the end of last week to 15933.33 yuan/ton at the end of this week, down 23.95% year on year compared with the same period last year. The downstream market has both ups and downs, and the downstream procurement enthusiasm is general.

The market fell slightly after shocks

In the middle and late November, the domestic sulfuric acid market was mainly down due to slight shock. The upstream sulfur market has declined in a narrow range recently, and the cost support has weakened. The downstream market of hydrofluoric acid and ammonium sulfate rose slightly, while the titanium dioxide market fell slightly. The downstream customers were not very enthusiastic about purchasing sulfuric acid, and the product trend declined under the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term domestic sulfuric acid market price may fall slightly due to the impact of supply and demand, raw materials and other aspects.