Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has slightly increased this week, with sulfuric acid prices rising from 306.00 yuan/ton at the beginning of the week to 310.00 yuan/ton at the end of the week, an increase of 1.31%. Weekend prices increased by 35.96% year-on-year.

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

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

From the perspective of the upstream and downstream industry chains, the upstream sulfur market has experienced a significant decline, with sulfur prices dropping from 1160.00 yuan/ton at the beginning of the week to 1090.00 yuan/ton at the weekend, a decrease of 6.03%, and a year-on-year decrease of 4.66% over the weekend. The upstream market has significantly declined, with insufficient cost support. The downstream hydrofluoric acid market slightly increased, with the market price rising from 10100.00 yuan/ton at the beginning of the week to 10316.67 yuan/ton at the weekend, an increase of 2.15%. Weekend prices increased by 3.17% year-on-year. The downstream titanium dioxide market has stabilized at a high level, with a market price of 16866.67 yuan/ton. Weekend prices increased by 3.16% year-on-year. The downstream market has slightly increased, and downstream procurement enthusiasm is good.

Small fluctuation and decline in the future market

In late September, the domestic sulfuric acid market may experience a slight fluctuation and decline. Although the downstream titanium dioxide and hydrofluoric acid markets have stabilized at high levels, downstream customers have a good enthusiasm for purchasing sulfuric acid. However, the upstream sulfur market has significantly declined, and cost support is insufficient. Under the contradiction between supply and demand, the product trend is declining. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate and decline slightly.