SunSirs: Domestic Sulfuric Acid Prices Increased by 3.05% This Week (November 6-12)
November 14 2023 14:46:49 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic sulfuric acid market price had slightly increased this week. The sulfuric acid price had increased from 262.00 RMB/ton at the beginning of the week to 270.00 RMB/ton at the weekend, an increase of 3.05%, and the weekend price had decreased by 26.23% year-on-year.
Upstream market slightly rose, while downstream procurement enthusiasm increased
From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers had slightly increased this week, with average inventory levels among manufacturers. The weekend quotation for Heze Jiangyuan sulfuric acid was 150 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend quotation for Zouping Tianlu sulfuric acid was 220 RMB/ton, an increase of 20 RMB/ton compared to the beginning of the week; Changzhou Qinghong Sulfuric Acid had a weekend quotation of 330 RMB/ton, which was temporarily stable compared to the beginning of the week; Changzhou Yangtze River sulfuric acid quoted 400 RMB/ton over the weekend, an increase of 20 RMB/ton compared to the beginning of the week.
From the perspective of the upstream and downstream industry chains, the upstream sulfur market had slightly increased, with sulfur prices rising from 946.67 RMB/ton at the beginning of the week to 970.00 RMB/ton at the weekend, an increase of 2.46%. Over the weekend, prices had decreased by 28.85% year-on-year. The upstream market had slightly increased, with good cost support. The downstream ammonium biphosphate market had seen a significant increase, with market prices rising from 3,200.00 RMB/ton at the beginning of the week to 3,466.67 RMB/ton over the weekend, an increase of 8.33%, and a year-on-year increase of 13.66% over the weekend. The downstream titanium dioxide market had stabilized at a high level, with a market price of 17,300.00 RMB/ton. Over the weekend, the price increased by 8.58% year-on-year. The downstream market had significantly increased, and the enthusiasm for downstream procurement had increased.
Market outlook
In mid to late November, the domestic sulfuric acid market may experience slight fluctuations and gains. The downstream market for ammonium biphosphate had significantly increased, and downstream customers had increased their enthusiasm for purchasing sulfuric acid. The upstream sulfur market had slightly increased, with good cost support. Under the contradiction between supply and demand, the product trend was upward. SunSirs’ 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 upward slightly.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
