Recent price trend of sulfuric acid

As can be seen from the above figure, the market price of sulfuric acid in Shandong this week was temporarily stable, with the quotation of 775.00 yuan / ton, an increase of 81.29% year-on-year compared with the same period last year. Overall, the sulfuric acid market was temporarily stable this week, and the sulfuric acid commodity index was 120.62 on August 20.

The downstream market was boosted and the willingness to purchase was strengthened

From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong this week is temporarily stable, the manufacturer’s inventory is general, and the downstream demand is good. The quotation of Heze Jiangyuan sulfuric acid at the weekend is 830 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Zouping Tianlu quoted 720 yuan / ton this weekend, which was temporarily stable compared with that at the beginning of the week; Changzhou Qinghong offers 1050 yuan / ton at the weekend, which is temporarily stable compared with the beginning of the week.

From the upstream and downstream industrial chain, the upstream sulfur market has increased slightly recently. The quotation increased from 1686.67 yuan / ton at the beginning of the week to 1756.67 yuan / ton at the end of the week, an increase of 4.15%, a year-on-year increase of 133.19% compared with the same period last year, and the cost support is good. The downstream bromine market fell slightly, and the quotation fell from 43062.50 yuan / ton at the beginning of the week to 42750.00 yuan / ton at the end of the week, down 0.73%, up 50.59% year-on-year compared with the same period last year. The downstream formic acid market rose slightly. The quotation increased from 3366.67 yuan / ton at the beginning of the week to 3400.00 yuan / ton at the end of the week, an increase of 0.99%, a year-on-year increase of 99.22% compared with the same period last year. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

Market outlook rose slightly

In late August, the sulfuric acid Market in Shandong Province mainly rose slightly. The upstream sulfur price has increased slightly recently, and the cost support is good. Although the downstream bromine market began to decline slightly, the downstream formic acid market has increased, the downstream enthusiasm for purchasing sulfuric acid has been strengthened, and the product trend is upward under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in Shandong market in the short term, the sulfuric acid market may rise slightly.