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 1141.67 yuan / ton last weekend to 1158.33 yuan / ton this weekend, an increase of 1.46%, a year-on-year increase of 122.76% compared with the same period last year. On April 7, the sulfuric acid commodity index was 180.28, unchanged from yesterday, hitting a record high in the cycle, up 471.95% 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

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 is quoted at 1400 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Zouping Tianlu sulfuric acid is quoted at 1050 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Changzhou Qinghong sulfuric acid is quoted at 1300 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Changzhou Changjiang sulfuric acid quoted 1300 yuan / ton this weekend, up 100 yuan / ton compared with the beginning of the week; Xiangcheng San’an sulfuric acid is quoted at 1100 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Liaocheng Huatong sulfuric acid is quoted at 800 yuan / ton this weekend, which is temporarily stable compared with the beginning of the week.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market has continued to rise recently. The quotation has increased from 3343.33 yuan / ton at the beginning of the week to 3426.67 yuan / ton at the end of the week, an increase of 2.49%, up 137.41% 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 was consolidated at a high level, with a quotation of 11500 yuan / ton, up 8.26% year-on-year compared with the same period last year. The downstream formic acid market rose slightly. The quotation increased from 7100.00 yuan / ton at the beginning of the week to 7266.67 yuan / ton at the end of the week, an increase of 2.355, a year-on-year increase of 165.85% compared with the same period last year. The downstream market was consolidated at a high level, and the downstream products had a positive impact on the price of sulfuric acid.

Market outlook rose slightly

The domestic sulfuric acid Market in the middle and early ten days of April may rise slightly. The upstream sulfur market has gradually increased recently, with a large increase and good cost support. The downstream hydrofluoric acid market has been consolidated at a high level, the downstream formic acid market has increased slightly, the downstream customers have 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.