Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has temporarily stabilized this week, with a price of 306.00 yuan/ton. Over the weekend, the price fell by 24.63% year-on-year.

Upstream market slightly declined, while downstream procurement enthusiasm is good

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

From the perspective of the upstream and downstream industry chains, the upstream sulfur market has slightly declined, with sulfur prices dropping from 956.67 yuan/ton at the beginning of the week to 933.33 yuan/ton at the weekend, a decrease of 2.44%, and a year-on-year decrease of 40.17% at the weekend. The upstream market has slightly declined, with insufficient cost support. The downstream hydrofluoric acid market slightly increased, with the market price rising from 11450.00 yuan/ton at the beginning of the week to 11500.00 yuan/ton at the weekend, an increase of 0.44%. The weekend price increased by 11.65% year-on-year. The downstream titanium dioxide market has stabilized at a high level, with a market price of 17300.00 yuan/ton. Over the weekend, the price increased by 8.01% year-on-year. The downstream market has slightly increased, and downstream procurement enthusiasm is good.

Small fluctuation and decline in the future market

In late October, the domestic sulfuric acid market may experience a slight fluctuation and decline. Although the downstream titanium dioxide and hydrofluoric acid markets have slightly increased, downstream customers have a good enthusiasm for purchasing sulfuric acid. However, the upstream sulfur market has slightly declined, and cost support is insufficient. Under the contradiction between supply and demand, the product trend is declining. 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 and decline slightly.