Recent trends in sulfuric acid prices
According to the Commodity Market Analysis System of the Business Society, the domestic sulfuric acid market prices have significantly increased this week, with sulfuric acid prices rising from 2700.00 yuan/ton at the beginning of the week to 298.00 yuan/ton at the weekend, an increase of 10.37%, and a year-on-year decrease of 13.87% over the weekend.
Upstream market slightly increased, while downstream procurement enthusiasm is good
From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have significantly increased 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 1003.33 yuan/ton at the beginning of the week to 1023.33 yuan/ton at the weekend, an increase of 1.99%, and a year-on-year decrease of 24.94% over the weekend. The upstream market has slightly increased, with good cost support. The downstream monoammonium phosphate market has stabilized at a high level, with a market price of 3466.67 yuan/ton. Over the weekend, the price increased by 10.93% year-on-year. The downstream titanium dioxide market has stabilized at a high level, with a market price of 17266.67 yuan/ton. Over the weekend, the price increased by 8.37% year-on-year. The downstream market is consolidating at a high level, and downstream procurement enthusiasm is good.
Small fluctuations and gains in the future market
In late November, the domestic sulfuric acid market may experience slight fluctuations and gains. The downstream monoammonium phosphate market has stabilized at a high level, and downstream customers have increased their enthusiasm for purchasing sulfuric acid. The upstream sulfur market has slightly increased, with good cost support. Under the contradiction between supply and demand, the product trend is upward. 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 slightly.
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