Recent price trend of sulfuric acid

As can be seen from the figure above, the price of domestic sulfuric acid market rose sharply this week. The price of sulfuric acid rose from 346.00 yuan/ton at the end of last week to 406.00 yuan/ton at the end of this week, an increase of 17.34%, a year-on-year drop of 53.60%. On October 16, the sulphuric acid commodity index was 63.19, unchanged from yesterday, down 66.40% from the cycle’s highest point of 188.07 (2022-04-13), and up 100.48% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

The upstream market rose slightly, while the downstream purchasing enthusiasm increased

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

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly. The sulfur price rose from 1550.00 yuan/ton at the end of last week to 1560.00 yuan/ton at the end of this week, an increase of 0.65%. Compared with the same period of last year, it fell by 23.40% year on year. The upstream market fluctuated narrowly, with good cost support. The downstream hydrofluoric acid market rose slightly, with the market price rising from 10285.71 yuan/ton at the end of last week to 10300.00 yuan/ton at the end of this week, an increase of 0.14%, and a year-on-year decrease of 13.59% compared with the same period last year. The market price of titanium dioxide in the downstream fell slightly. The market price fell from 16266.67 yuan/ton at the end of last week to 16016.67 yuan/ton at the end of this week, a drop of 1.54%. Compared with the same period of last year, it fell 23.55% year on year. The downstream market rose and fell with each other, and the downstream purchasing enthusiasm was general.

The market rose slightly after shocks

In the middle and late October, the domestic sulfuric acid market rose mainly due to slight fluctuations. The upstream sulfur market has experienced a narrow range of shocks at a high level recently, and the cost support has been strengthened. The downstream market of hydrofluoric acid and ammonium sulfate rose slightly, while the titanium dioxide market fell slightly. Downstream customers became more active in purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. The sulfuric acid analysts of the business community believe that the short-term domestic sulfuric acid market price will rise mainly due to the impact of supply and demand, raw materials and other aspects.