Price Trend

According to the price monitoring of business associations, the distribution price of sulphuric acid in Shandong Province has been stable this week. The price is 223.33 yuan/ton, down 52.73% from the same period last year. Overall, this week’s sulphuric acid market consolidated at a low level, with the sulphuric acid commodity index of 34.76 on September 13.

II. Market Analysis

(1) Products:

This week, the price of the main sulphuric acid producers in Shandong Province has been stable for a while, with less inventory and less downstream demand. The weekend quotation of Heze Jiangyuan is 180 yuan/ton, which is temporarily stable compared with the early week; Zouping Tianlu is 40 yuan/ton, which is temporarily stable; Jinan Yuanfei is 450 yuan/ton, which is temporarily stable.

(2) Industrial chain:

Recently, the domestic sulfur market has been declining continuously with weak cost support; the downstream monoammonium market has a poor trading atmosphere, light turnover, unsatisfactory new orders, relatively stable diammonium market, strong quotation, sulfuric acid enterprises with multiple early orders, short-term inadequate start-up, and slightly tight supply. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market turnover is limited.

3. Future Market Forecast

After the adjustment in August, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. The price of sulphur in the upstream has gone down all the way, and the purchasing in the downstream is general. Under the contradiction between supply and demand, the products have gone down. 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.