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 242.50 yuan/ton at the beginning of the week to 235.00 yuan/ton at the end of the week, down 7.50 yuan/ton, or 3.09%, down 50.26% from the same period last year. Overall, the sulfuric acid market fell this week, with the sulfuric acid commodity index at 36.58 on July 26.
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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. Heze Jiangyuan quoted 230 yuan/ton this week, and the quotation was temporarily stable; Zouping Tianlu’s quotation fell from 120 yuan/ton at the beginning of the week to 90 yuan/ton at the end of the week, and the quotation fell by 30 yuan/ton; Jinan Yuanfei’s quotation was 450 yuan/ton, and the quotation was temporarily stable; Dezhou Meihua’s quotation was 170 yuan/ton, and the quotation was temporarily stable.
(2) Industrial chain:
Recently, the domestic sulfur market has been declining; the downstream ammonium market is light, the new orders are not satisfactory, the atmosphere is not good, the diammonium market is relatively stable, the high level is strong, the sulfuric acid enterprises have multiple early orders, short-term start is insufficient, and the supply is slightly tight. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market turnover is limited.
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3. Future Market Forecast
After the adjustment in June, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Upstream prices fell slightly, downstream purchases were general, and products went down under the contradiction between supply and demand. 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.