Price Trend

According to the price monitoring of business associations, the distribution price of sulphuric acid in Shandong fell slightly this week.  The quotation fell from 217.50 yuan/ton at the beginning of the week to 215.00 yuan/ton at the end of the week, falling by 2.50 yuan/ton, or 1.15%, 51.69% compared with the same period last year. Overall, the sulfuric acid market fell this week, with the sulfuric acid commodity index of 33.46 on August 23.

II. Market Analysis

(1) Products:

This week, the prices of some sulphuric acid manufacturers in Shandong fell slightly, with fewer inventories and fewer downstream demand. The weekend quotation of Heze Jiangyuan is 180 yuan/ton, which is 10 yuan/ton lower than that at the beginning of the week; Zouping Tianlu’s quotation is 60 yuan/ton, which is temporarily stable; Jinan Yuanfei’s quotation is 450 yuan/ton, which is temporarily stable.

(2) Industrial chain:

Recently, the domestic sulfur market has been declining continuously with weak cost support; the downstream monoammonium market has a poor trading atmosphere, light turnover, unsatisfactory new orders, relatively stable diammonium market, strong quotation, sulfuric acid enterprises with multiple early orders, short-term inadequate start-up, and slightly tight supply. 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 July, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. The price of sulphur in the upstream has gone down all the way, and the purchasing in the downstream is general. Under the contradiction between supply and demand, the products have gone down. 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.