Recent trends in sulfuric acid prices

According to the commodity market analysis system of the business community, the price of domestic sulfuric acid market fell sharply this week, from 265.00 yuan/ton at the beginning of the week to 235.00 yuan/ton at the end of the week, a decline of 11.32%. On weekends, prices decreased by 79.89% year-on-year compared to the same period last year. On April 22, the sulfuric acid commodity index was 36.58, unchanged from yesterday, a decrease of 80.55% from the cycle’s highest point of 188.07 points (2022-04-13), and an increase of 16.05% from the lowest point of 31.52 points on June 6, 2019. (Note: The cycle refers to the period from September 1st, 2011 to the present)

The upstream market has significantly declined, while the downstream procurement enthusiasm is average

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

From the perspective of the upstream and downstream industry chains, the upstream sulfur market has significantly declined, with sulfur prices dropping from 943.33 yuan/ton at the beginning of the week to 756.67 yuan/ton at the weekend, a decrease of 19.79%. Weekend prices have decreased by 79.33% year-on-year compared to the same period last year, with a significant decline in upstream prices and insufficient cost support. The downstream hydrofluoric acid market was consolidated at a high level, and the market price was 10357.14 yuan/ton. Weekend prices have decreased by 10.41% year-on-year compared to the same period last year. The downstream titanium dioxide market fluctuated in a narrow range, with the market price of 16950.00 yuan/ton. Weekend prices decreased by 19.41% year-on-year compared to the same period last year. The downstream market is consolidating at a high level, and the enthusiasm for downstream procurement is average.

Small fluctuations and gains in the future market

In late April, the domestic sulfuric acid market may experience a slight fluctuation and decline. The upstream sulfur market has recently experienced a significant decline, with insufficient cost support. The downstream market of titanium dioxide and hydrofluoric acid was consolidated at a high level, and the downstream customers were generally motivated to purchase sulfuric acid. The product trend declined under the contradiction between supply and demand. The sulfuric acid analysts of the business community believe that the short-term domestic sulfuric acid market is mainly affected by supply and demand, raw materials and other aspects, and the price of sulfuric acid market may fluctuate slightly.