Recent domestic sulphuric acid price trend

As can be seen from the figure above, the domestic sulfuric acid market price rose sharply in October. The market price of sulfuric acid rose from 296.00 yuan/ton on October 1 to 418.00 yuan/ton on October 28, an increase of 41.22%. The price at the end of the month fell 52.50% year-on-year.

On October 27, the ammonium sulfate commodity index was 126.36, up 0.56 points from yesterday, down 21.89% from the peak of 161.78 points (2022-03-20) in the cycle, and up 244.77% from the lowest point of 36.65 points on June 23, 2014. (Note: Period refers to 2011-09-01 to now)

Weakened upstream support and better downstream demand

From the manufacturer’s quotation, the price of domestic mainstream sulphuric acid manufacturers rose and fell with each other this month, and the manufacturer’s inventory was small.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose first and then fell this month. The sulfur price fell from 1486.67 yuan/ton at the beginning of the month to 1350.00 yuan/ton at the end of the month, a decline of 9.19%. Compared with the same period last year, it fell 36.42% year on year. The upstream cost support was weakened, which had a negative impact on the sulfuric acid market. The downstream hydrofluoric acid market rose slightly. The ex factory price rose from 9985.71 yuan/ton at the beginning of the month to 10442.86 yuan/ton at the end of the month, an increase of 4.58% and a year-on-year decrease of 20.59% compared with the same period last year. The downstream ammonium sulfate market rose slightly, with the price rising from 1440.00 yuan/ton at the beginning of the month to 1510.00 yuan/ton at the end of the month, an increase of 4.86% and a year-on-year decrease of 20.80%. Downstream market rose slightly, and downstream manufacturers became more active in purchasing sulfuric acid.

The market rose slightly after shocks

In the first ten days of November, the domestic sulfuric acid market rose mainly due to slight fluctuations. Although the upstream sulfur price fell slightly, the price was at a high level, which provided some support for the price of sulfuric acid. The downstream market of hydrofluoric acid and ammonium sulfate rose slightly, the downstream procurement of sulfuric acid became more active, and the product trend rose under the contradiction between supply and demand. According to the sulfuric acid analysts of the business community, the short-term sulfuric acid market may rise slightly under the influence of supply and demand, raw materials and other aspects, mainly finishing.