According to the Commodity Analysis System of the Business Society, the domestic sulfuric acid market prices fell significantly in July. The market price of sulfuric acid dropped from 192.00 yuan/ton at the beginning of the month to 160.00 yuan/ton at the end of the month, a decrease of 16.67%. The price at the end of the month decreased by 76.54% year-on-year.

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have decreased slightly this month, and the inventory of manufacturers is relatively low.

Cost side: Sulfur market rises first and then falls

The factory price of sulfur rose first and then fell in July. The price of sulfur first increased from 713.33 yuan/ton at the beginning of the month to 876.67 yuan/ton on July 20th, an increase of 22.90%, and then dropped to 846.67 yuan/ton at the end of the month, a decrease of 3.42%. The price at the end of the month decreased by 9.93% year-on-year. Overall, the sulfur market has significantly increased, with good cost support, which has a positive impact on the price of sulfuric acid.

On the demand side: The market for hydrofluoric acid has slightly declined

The hydrofluoric acid market slightly declined in July. The price dropped from 9657.14 yuan/ton at the beginning of the month to 9566.67 yuan/ton at the end of the month, a decrease of 0.94%. At the end of the month, prices fell by 10.59% year-on-year. In July, the titanium dioxide market first fell and then rose. The price of titanium dioxide dropped from 16133.33 yuan/ton at the beginning of the month to 15516.67 yuan/ton on July 14, a decrease of 3.82%. It then rose to 16000.00 yuan/ton at the end of the month, an increase of 3.11%. In early July, the overall price of titanium dioxide decreased by 0.83%. At the end of the month, prices fell by 15.19% year-on-year. Overall, the downstream market of sulfuric acid has slightly declined, and downstream manufacturers have weak enthusiasm for purchasing sulfuric acid.

Looking at the future market: In mid to early August, the domestic sulfuric acid market may experience a slight fluctuation and decline, with consolidation being the main trend. The downstream market for hydrofluoric acid and titanium dioxide has slightly declined, and downstream enthusiasm for purchasing sulfuric acid has weakened. Upstream sulfur prices have a downward trend at the end of the month, with average cost support. Business Society sulfuric acid analysts believe that in the short term, the sulfuric acid market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials, with consolidation being the main focus.