Recent sulfuric acid price trend
As can be seen from the above figure, the distribution price of sulfuric acid in Shandong increased this week, with the quotation rising from 613.33 RMB/ton at the beginning of the week to 623.33 RMB/ton at the weekend, an increase of 1.63%, an increase of 51.11% compared to the same period last year. On the whole, the sulfuric acid market rose this week, and the sulfuric acid commodity index on July 9 was 99.09.
The downstream market boosted, and the willingness to purchase was strengthened
Judging from the manufacturers’ quotations, the prices of sulfuric acid from mainstream manufacturers in Shandong region rose this week, and the manufacturers’ inventory was average, and downstream demand was good. Heze Jiangyuan’s quotation on weekends was 660 RMB/ton, compared with the beginning of the week, the quotation increased by 30 RMB/ton; Zouping Tianlu’s quotation this weekend was 560 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Jinan Yuanfei’s quotation was 650 RMB/ton, compared with the beginning of the week, the quotation is temporarily stable.
From the perspective of the upstream and downstream industrial chain, the upstream sulfur market was steadily rising recently. The quotation increased from 1,643.33 RMB/ton at the beginning of the week to 1,164.67 RMB/ton at the weekend, an increase of 0.20%. Compared with the same period last year, it was up 152.04% year-on-year and the cost support was good. Moreover, the downstream bromine market was consolidating at a high level. The price this week was around 4,5850.00 RMB/ton, which was 72.52% higher than the same period last year. On the whole, upstream and downstream products had a positive impact on the price of sulfuric acid this week.
The market outlook fluctuates upward slightly
In mid-July, the sulfuric acid market in Shandong may fluctuate upward slightly. The upstream sulfur price has recently consolidated at a high level, and the cost support is good, and the downstream bromine market has also begun to rise. The downstream has increased enthusiasm for purchasing sulfuric acid, and the product trend is rising due to the contradiction between supply and demand. The sulfuric acid analyst of SunSirs believes that in the short term, under the influence of supply and demand and raw materials, the Shandong sulfuric acid market may fluctuate upward slightly.