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 slightly this week, from 196.00 yuan/ton at the beginning of the week to 192.00 yuan/ton at the end of the week, a 2.04% drop. Weekend prices fell by 82.09% year-on-year. On May 21, the sulfuric acid commodity index was 29.88, which was unchanged from yesterday and set a new historical low in the cycle, a decrease of 84.11% from the highest point of 188.07 on April 13, 2022. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream market slightly rises, while downstream procurement enthusiasm weakens

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 slightly increased, with sulfur prices rising from 783.33 yuan/ton at the beginning of the week to 786.67 yuan/ton at the weekend, an increase of 0.43%. Over the weekend, prices fell 80.37% year-on-year, with a slight increase in upstream prices and good cost support. The downstream hydrofluoric acid market declined slightly, and the market price fell from 10114.29 yuan/ton at the beginning of the week to 10028.57 yuan/ton at the end of the week, a decrease of 0.85%. Weekend prices fell by 14.50% year-on-year. The downstream titanium dioxide market declined slightly, with the market price falling from 16950.00 yuan/ton at the beginning of the week to 16866.67 yuan/ton at the end of the week, a decrease of 0.49%. Weekend prices fell by 18.39% year-on-year. The downstream market has slightly declined, and the enthusiasm for downstream procurement has weakened.

Small fluctuation and decline in the future market

In late May, the domestic sulfuric acid market may experience a slight fluctuation and decline. The upstream sulfur market started to decline slightly over the weekend, with insufficient cost support. Downstream titanium dioxide and hydrofluoric acid market declined slightly, downstream customers’ purchasing enthusiasm for sulfuric acid weakened, and 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.