Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market prices have significantly increased this week, with sulfuric acid prices increasing from 210.00 yuan/ton at the beginning of the week to 252.00 yuan/ton at the weekend, an increase of 20.00%. Weekend prices fell by 36.04% year-on-year.

The upstream market has significantly increased, and downstream procurement enthusiasm is good

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have significantly increased this week, with average inventory levels among manufacturers.

From the perspective of the upstream and downstream industry chains, the upstream sulfur market continues to rise, with sulfur prices rising from 1013.33 yuan/ton at the beginning of the week to 1053.33 yuan/ton at the weekend, an increase of 3.95%. Over the weekend, prices fell by 8.67% year-on-year. The upstream market has slightly increased, and cost support has increased. The downstream hydrofluoric acid market slightly increased, with the market price rising from 9483.33 yuan/ton at the beginning of the week to 9566.67 yuan/ton at the weekend, an increase of 0.88%. Weekend prices fell 6.34% year-on-year. The downstream titanium dioxide market slightly increased, with market prices rising from 16000.00 yuan/ton at the beginning of the week to 16116.67 yuan/ton at the weekend, an increase of 0.73%. Weekend prices fell by 9.54% year-on-year. The downstream market has slightly increased, and downstream procurement enthusiasm is good.

Small fluctuations and gains in the future market

In late August, the domestic sulfuric acid market may experience slight fluctuations and gains. The downstream titanium dioxide and hydrofluoric acid markets have slightly increased, and downstream customers have increased their enthusiasm for purchasing sulfuric acid. The upstream sulfur market has continued to rise recently, with good cost support. Under the contradiction between supply and demand, the product trend is upward. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate slightly.