Price Trend
According to the price monitoring of business associations, the distribution price of sulphuric acid in Shandong rose slightly this week. The quotation rose from 222.50 yuan/ton at the beginning of the week to 230.00 yuan/ton at the end of the week, up 7.50 yuan/ton, up 3.37%, down 50.27% from the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index of 35.80 on July 12.
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II. Market Analysis
(1) Products:
This week, the prices of some sulphuric acid manufacturers in Shandong rose slightly, with fewer inventories and fewer downstream demand. Heze Jiangyuan’s quotation increased from 190 yuan/ton at the beginning of the week to 220 yuan/ton at the end of the week, and the quotation increased by 30 yuan/ton; Zouping Tianlu’s quotation was 150 yuan/ton, which was temporarily stable; Jinan Yuanfei’s quotation was 450 yuan/ton, which was temporarily stable; Dezhou Meihua’s quotation was 100 yuan/ton, which was temporarily stable.
(2) Industrial chain:
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Recently, the domestic sulfur market has rebounded from the bottom, but the increase is limited; the downstream ammonium market is light, the new orders are not satisfactory, the atmosphere is not good, the diammonium market is relatively stable, the high position is strong, the sulfuric acid enterprises have multiple early orders, the short-term start is insufficient, and the supply is slightly tight. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market turnover is limited.
3. Future Market Forecast
After the adjustment in June, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Upstream prices fell slightly, downstream purchases were general, and products went down under the contradiction between supply and demand. Business sulfuric acid analysts believe that the short-term market in Shandong Province, under the influence of supply and demand and raw materials, the sulfuric acid market tends to decline.
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