Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price remained stable this week, with a price of 282.00 yuan/ton. The weekend price fell by 4.94% year-on-year.

Upstream market slightly declined, downstream procurement enthusiasm weakened

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have remained stable this week, with average inventory levels among manufacturers.

From the perspective of the upstream and downstream industry chains, the sulfur market in the upstream has slightly declined, with sulfur prices dropping from 1110.00 yuan/ton at the beginning of the week to 1090.00 yuan/ton over the weekend, a decrease of 1.80%, and a year-on-year decrease of 24.83% over the weekend. The upstream market has slightly declined, with insufficient cost support. The downstream market for monoammonium phosphate has slightly declined, with market prices dropping from 3500.00 yuan/ton at the beginning of the week to 3466.67 yuan/ton over the weekend, a decrease of 0.95%, and a year-on-year decrease of 3.03% over the weekend. The downstream titanium dioxide market is consolidating at a low level, with a market price of 16483.33 yuan/ton. Over the weekend, the price increased by 3.45% year-on-year. Overall, the downstream market for sulfuric acid has slightly declined, and downstream procurement enthusiasm is weak.

Slight fluctuation and decline in the future market

In late December, the domestic sulfuric acid market may experience a slight fluctuation and decline. The upstream sulfur market has started to decline slightly, with insufficient cost support. The downstream ammonium phosphate market has slightly declined, and downstream customers have weakened their enthusiasm for purchasing sulfuric acid. The product trend is declining under the contradiction of supply and demand. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by supply and demand, raw materials, and other factors, and the price of sulfuric acid may fluctuate slightly and fall.