Recent price trend of sulfuric acid

As can be seen from the figure above, the price of domestic sulfuric acid market rose slightly this week. The price of sulfuric acid rose from 406.00 yuan/ton at the end of last week to 426.00 yuan/ton at the end of this week, an increase of 4.93% and a year-on-year decrease of 52.22%. On October 20, the sulfuric acid commodity index was 66.30, unchanged from yesterday, 64.75% lower than the highest point of 188.07 (2022-04-13) in the cycle, and 110.34% higher than 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 rose 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 1560.00 yuan/ton at the end of last week to 1433.33 yuan/ton at the end of this week, a decline of 8.12%. Compared with the same period last year, the price of sulfur fell by 31.20% year on year. The upstream market declined slightly and the cost support weakened. The downstream hydrofluoric acid market was consolidated at a high level. The market price was 10300.00 yuan/ton, a year-on-year decrease of 14.10%. The market price of titanium dioxide in the downstream market was low and consolidated. The market price was 16016.67 yuan/ton, down 23.55% year on year compared with the same period last year. The downstream market was average, and the downstream purchasing enthusiasm was average.

The market fell slightly after shocks

In late October, 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 was consolidated at a high level, while the titanium dioxide market was consolidated at a low level. The downstream customers were generally motivated to purchase sulfuric acid, and the product trend was downward 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.