Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Shengyishe, the domestic sulfuric acid market prices have dropped significantly this week. The price of sulfuric acid has dropped from 232.50 yuan/ton at the beginning of the week to 207.50 yuan/ton at the end of the week, a decrease of 10.75%, and the weekend price has dropped by 23.62% year-on-year.

The upstream market has dropped significantly, and downstream procurement enthusiasm has weakened

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

From the upstream market perspective, the sulfur market in the upstream has slightly declined, with sulfur prices dropping from 936.67 yuan/ton at the beginning of the week to 910.00 yuan/ton over the weekend, an increase of 2.85%, and a year-on-year decrease of 22.66% over the weekend. At present, the price of sulfur at the port continues to decline, which has a negative impact on the spot market. There is a clear bearish sentiment on the market. In order to stimulate shipments, some refineries have lowered their sulfur prices.

From the perspective of downstream market conditions, the market price of monoammonium phosphate in the downstream market has slightly declined, dropping from 3253.33 yuan/ton at the beginning of the week to 3220 yuan/ton over the weekend, a decrease of 1.02%, and a year-on-year decrease of 4.10% over the weekend. Recently, there has been a decrease in inquiries and weak trading in the ammonium phosphate market. The decrease in pending orders, coupled with the weakening of the raw material market, has led to a continued decline in the price of ammonium phosphate.

Slight fluctuation and decline in the future market

In late January, the domestic sulfuric acid market may experience a slight fluctuation and decline. The upstream sulfur market has slightly declined, with insufficient cost support. The downstream market for monoammonium phosphate and titanium dioxide has slightly declined, and downstream customers have weakened their enthusiasm for purchasing sulfuric acid. The product trend is declining under the contradiction of supply and demand. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by supply and demand, raw materials, and other factors, and the price of sulfuric acid may fluctuate slightly and fall.