Recent price trend of sulfuric acid

As can be seen from the above figure, the market price of sulfuric acid in Shandong this week was temporarily stable, with the quotation of 795.00 yuan / ton, up 103.85% year-on-year compared with the same period last year. Overall, the sulfuric acid market was temporarily stable this week, and the sulfuric acid commodity index was 123.74 on September 10.

The downstream market was boosted and the willingness to purchase was strengthened

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturer’s inventory is general, and the downstream demand is good. The quotation of Heze Jiangyuan sulfuric acid at the weekend is 870 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Zouping Tianlu quoted 720 yuan / ton this weekend, which was temporarily stable compared with that at the beginning of the week; Changzhou Qinghong offers 1050 yuan / ton at the weekend, which is temporarily stable compared with the beginning of the week.

From the upstream and downstream industrial chain, the upstream sulfur market has continued to rise recently. The quotation has increased from 1920.00 yuan / ton at the beginning of the week to 1950.00 yuan / ton at the end of the week, an increase of 1.56%, a year-on-year increase of 144.77% compared with the same period last year, and the cost support is good. The downstream bromine market rose slightly. The quotation increased from 42875.00 yuan / ton at the beginning of the week to 43642.86 yuan / ton at the end of the week, an increase of 1.79%, a year-on-year increase of 48.50% compared with the same period last year. The downstream formic acid market rose slightly, and the quotation increased from 5900.00 yuan / ton at the beginning of the week to 6033.33 yuan / ton at the end of the week, an increase of 2.26%. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

Market outlook rose slightly

In the middle of September, the sulfuric acid Market in Shandong Province mainly rose slightly. The upstream sulfur price has continued to rise recently, with good cost support. The downstream bromine market began to stop falling and rise, the downstream formic acid market has increased significantly, the downstream enthusiasm for purchasing sulfuric acid has been strengthened, and the product trend is upward under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market may rise slightly.