Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price rose sharply this week, and the quotation increased from 831.67 yuan / ton last weekend to 1070.00 yuan / ton this weekend, an increase of 28.66%, a year-on-year increase of 165.84% compared with the same period last year. On March 17, the sulfuric acid commodity index was 149.93, up 0.25 points from yesterday, hitting a record high in the cycle, up 375.67% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to the period from September 1, 2011 to now)

Strong upstream cost support and enhanced downstream procurement enthusiasm

From the perspective of manufacturer’s quotation, the prices of domestic mainstream sulfuric acid manufacturers increased slightly and sharply this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulfuric acid quoted 1400 yuan / ton this weekend, up 380 yuan / ton compared with last weekend; Zouping Tianlu sulphuric acid quoted 980 yuan / ton this weekend, an increase of 290 yuan / ton compared with last weekend; Changzhou Qinghong sulfuric acid quoted 1200 yuan / ton this weekend, up 300 yuan / ton compared with last weekend; Changzhou Changjiang sulfuric acid quoted 1200 yuan / ton this weekend, up 280 yuan / ton compared with last weekend; Xiangcheng San’an sulfuric acid quoted 950 yuan / ton this weekend, an increase of 170 yuan / ton compared with last weekend; Liaocheng Huatong sulfuric acid quoted 690 yuan / ton this weekend, up 10 yuan / ton compared with last weekend.

The price of upstream / downstream sulfur industry rose by 2783.83 yuan over the weekend, which gradually increased from the price of upstream / downstream sulfur industry by 11.83 yuan over the same period last year, and gradually increased from the price of upstream / downstream sulfur industry at the weekend to 2783.67 yuan over the same period last year. The downstream bromine market fluctuated in a narrow range, dominated by consolidation. The quotation fell from 55916.67 yuan / ton last weekend to 55833.33 yuan / ton this weekend, down 0.15%, up 62.36% year-on-year compared with the same period last year. The downstream formic acid market was adjusted at a high level, with a quotation of 4933.33 yuan / ton, a year-on-year increase of 92.21% compared with the same period last year. The downstream market was adjusted at a high level, and the downstream products had a positive impact on the price of sulfuric acid.

Market outlook rose slightly

In the middle and late March, the domestic sulfuric acid market may rise slightly. The upstream sulfur market has gradually increased recently, with a large increase and good cost support. The downstream formic acid market is consolidated at a high level, while the downstream bromine market fluctuates in a narrow range, mainly consolidation. Downstream customers have a good enthusiasm for purchasing sulfuric acid, 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 the short-term domestic sulfuric acid market, the market price of sulfuric acid may rise slightly.