Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price rose slightly this week, and the quotation increased from 1158.33 yuan / ton last weekend to 1205.00 yuan / ton this weekend, an increase of 4.03%, a year-on-year increase of 119.09% compared with the same period last year. On April 14, the sulfuric acid commodity index was 187.55, down 0.52 points from yesterday, down 0.28% from the highest point of 188.07 points in the cycle (2022-04-13), and up 495.02% from the lowest point of 31.52 points on June 6, 2019. (Note: the period refers to the period from September 1, 2011 to now)

The upstream cost support is strong, and the downstream procurement enthusiasm is good

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers increased slightly this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulfuric acid quoted 1600 yuan / ton this weekend, up 200 yuan / ton compared with last weekend; Zouping Tianlu sulfuric acid quoted 1030 yuan / ton this weekend, which fell by 20 yuan / ton compared with last weekend; Changzhou Qinghong sulfuric acid quoted 1300 yuan / ton this weekend, which was temporarily stable compared with last weekend; Changzhou Changjiang sulfuric acid quoted 1300 yuan / ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San’an sulfuric acid is quoted at 1100 yuan / ton this weekend, which is temporarily stable compared with last weekend; Liaocheng Huatong sulfuric acid quoted 900 yuan / ton this weekend, up 100 yuan / ton compared with last weekend.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market has continued to rise recently. The quotation has increased from 3426.67 yuan / ton last weekend to 3543.33 yuan / ton this weekend, an increase of 3.40%, up 144.37% year-on-year compared with the same period last year. The upstream market has gradually increased recently and the cost support has been strengthened. The downstream hydrofluoric acid market rose slightly, and the quotation increased from 11500.00 yuan / ton last weekend to 11550.00 yuan / ton this weekend, an increase of 0.43%, an increase of 8.73% year-on-year compared with the same period last year. The downstream formic acid market rose sharply. The quotation rose from 7266.67 yuan / ton last weekend to 9633.33 yuan / ton this weekend, an increase of 32.57%, up 280.26% year-on-year compared with the same period last year. The downstream market rose slightly, and the downstream products had a positive impact on the price of sulfuric acid.

Market outlook rose slightly

In the middle and late April, the domestic sulfuric acid market may rise slightly. The upstream sulfur market has gradually risen recently, and the cost support is good. The downstream hydrofluoric acid market rose slightly, the downstream formic acid market rose sharply, the downstream customers had good enthusiasm for purchasing sulfuric acid, and the product trend rose 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 the short-term domestic sulfuric acid market, the market price of sulfuric acid may rise slightly.