Demand increases, domestic sulfuric acid rises by 2.07% this week

Recent trends in sulfuric acid prices


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According to the Commodity Market Analysis System of Business Society, the domestic sulfuric acid market price has slightly increased this week. The sulfuric acid price has risen from 241.25 yuan/ton at the beginning of the week to 246.25 yuan/ton at the end of the week, an increase of 2.07%, and the weekend price has dropped by 8.23% year-on-year.


Upstream market fluctuates slightly, while downstream procurement enthusiasm increases


From the supply side, mainstream domestic sulfuric acid manufacturers saw a slight increase in prices this week, with low production and average inventory levels.


From the upstream market perspective, the sulfur market in the upstream has slightly declined, with sulfur prices dropping from 1033.33 yuan/ton at the beginning of the week to 1023.33 yuan/ton over the weekend, a decrease of 0.97%, and a year-on-year decrease of 16.35% over the weekend. At present, the price of sulfur at the port continues to decline, which has a negative impact on the spot market. There is a clear bearish sentiment on the market. In order to stimulate shipments, some refineries have lowered their sulfur prices.


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From the perspective of downstream market conditions, the market price of monoammonium phosphate in the downstream market has slightly increased, rising from 3120 yuan/ton at the beginning of the week to 3136.67 yuan/ton at the weekend, an increase of 0.53%, and a year-on-year decrease of 5.81% over the weekend. At present, the supply of ammonium phosphate is relatively low, the market supply is tight, and the spring plowing fertilizer season is approaching, and the demand side needs to be released.


Small fluctuations and gains in the future market


In mid to late March, the domestic sulfuric acid market may experience slight fluctuations and gains. The upstream sulfur market has slightly declined, with insufficient cost support. The downstream ammonium phosphate market has slightly increased, and downstream customers have increased their enthusiasm for purchasing sulfuric acid. Under the contradiction of supply and demand, the product trend is on the rise. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by supply and demand, raw materials, and other factors, and the price of sulfuric acid may fluctuate slightly and rise.

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