October 2022 China's sulfuric acid local trend upward, regional differentiation
2022-10-20
In October, China's sulfuric acid local trend upward, regional differentiation
Recent domesticsulphuric acid marketRegionalization of the market, up and down. Before the National Day holiday, acid plants remained low due to transportation pressure restrictions during the festival. The atmosphere was high after the holiday, and the acid prices in Central, South, Southwest and East China continued to rise, while the atmosphere in North, Northwest, and Northeast China was gradually depressed due to demand restrictions. At present, the domestic price index of 98% sulfuric acid is 321 yuan/ton, up 62.66 from last month and down 58.55 from last year.
1. sulfuric acid market brief:
Figure 1 Domestic 98%Sulfuric Acid Pricetrend chart
The sulfuric acid market in southwest, central and southern China rose across the board. Southwest, central China's main downstream for the phosphorus chemical industry, in October due to the downstream just need to purchase, coupled with calcium phosphate market into the demand season, the demand situation is more stable. Acid enterprises have recently reduced production, supply shrinkage, coupled with the early acid enterprises to cope with the National Day holiday low inventory, resulting in a shortage of regional market conditions. At present, the price index of sulfuric acid in Southwest China is 410 yuan/ton, up 46.43 percent from the same period last month and down 51.76 percent from the same period last year. The price index of sulfuric acid in Central China is 200 yuan/ton, up 33.33 percent from the same period last month and down 71.43 percent from the same period last year.
The price index of sulfuric acid in South China was 350 yuan/ton, up 105.88 percent from the same period last month and down 58.82 percent from the same period last year. The sharp rise in the sulfuric acid market in South China is mainly due to the maintenance plan of the main acid plants in Fujian and Guangdong in October-November. Downstream demand does not fluctuate significantly, acid plant for maintenance of storage, limited shipments led to the market supply of tight, market prices rose.
Sulfuric acid supply and demand in 2.
Figure 2 Start-up of sulfuric acid industry chain
According to the tracking statistics of 190 sulfuric acid sample enterprises, the operating rate of sulfuric acid industry has been 69.76 since October, down 1.26 from last week. That's up 6.12 percent from a year ago.
Since October, domestic construction has declined, and the main acid plant in Shandong, East China, has stopped for maintenance and supply has shrunk. In central China, Henan Jiyuan early maintenance device resumed, the start of a small increase. Guangdong Yunfu part of the device maintenance open, but Huizhou acid plant production volume, the overall fluctuation is not obvious. Northwest Ningxia, Xinjiang region acid plant maintenance, the start of a significant decline. The start of acid plants in other areas has not changed significantly, basically maintaining the previous period.
In the middle and late of the month, Fujian, Jiangxi region of the main acid plant has entered the maintenance, is expected to have a greater impact on the start of South China, East China, the overall start to maintain a downward trend.
Phosphate fertilizer: the installation of the new Yangfeng Leibo plant shut down for maintenance for one month; Hubei Ezhong plant maintenance; Hubei Jiashili plant agricultural ammonium into the long-term shutdown, plans to restart in the second quarter of next year; Hubei Xiangyun, Hubei Dayukou plant shutdown maintenance, restart time to be determined;
Monoammonium phosphate industry capacity utilization rate of 45.49 percent since October, down 0.49 percent from the pre-holiday, down 6.78 percent year-on-year. The industry's capacity utilization rate of diammonium phosphate has been 43.50 percent since October, down 1.5 percent from the pre-holiday period and 10.92 percent year-on-year. Subsequent Hubei region still has phosphate fertilizer plant plans to increase the amount of maintenance, the demand for sulfuric acid is expected to reduce.
Titanium dioxide: October titanium dioxide industry operating rate of 58.88 percent, down 0.87 percent from last week, some manufacturers are in a state of suspension or production restrictions. The real estate industry is in the doldrums, and the downstream demand is weak and difficult to change,titanium dioxide marketDemand is difficult to improve in the short term, is expected to start to maintain a decline, the purchase of sulfuric acid small shrinkage.
Caprolactam: China's caprolactam capacity utilization rate was 69.72 percent in October, up from +1.05 percent in the previous period. After the National Day, the load of some maintenance devices was restored in the early stage, and the overall supply of caprolactam increased. In terms of installation: Shihua, Haili, Qinghua, Lubao and Xuyang Dongming are parking in one line. Another part of the plant in the north may be planned for maintenance. However, as the specific time is not yet clear, the specific supply situation still needs to be followed up. Therefore, the supply of caprolactam is expected to decrease, but the implementation of the specific reduction is not yet clear.
3. Summary
Judging from the supply and demand situation, the domestic sulfuric acid plant is expected to drop significantly in the middle of the month. The maintenance of some units in Yunfu, Guangdong Province in South China will continue. Some units in Shanghang Acid Plant in Fujian Province and the main acid plant in Jiangxi Province are planned to be overhauled. Downstream fertilizer and chemical industry due to subsequent production into a relatively low season, there is a downward adjustment of the start plan. However, due to the high-speed restrictions in some parts of the country during the major conference phase, trade circulation is limited, and the shipment of pre-orders is maintained.
From the perspective of market conditions: the overall market has recently risen from the south to the north, and some acid plants in the markets of South China, Southwest China, and Central China have increased significantly. Only the markets in Inner Mongolia and Liaoning have poor downstream demand and transportation after the weather turns cold. Worried, prices went down. With the structural gap between the lower reaches of the region, it is expected that there will still be room for low-end replenishment in South China, Southwest China, Central China and East China next week, with a range of 50-80 yuan/ton; North China, Northeast China and Northwest China are expected to have limited fluctuations.
REAL-TIME NEWS
Yangzhou Jiaming Environmental Protection Technology Co., Ltd.
Address: Fangxiang Industrial Park, Hanjiang District, Yangzhou City, Jiangsu Province
Contact: Tang Jiafu13951439212
Contact: Wu Weimin13952058396
E-mail:jmkj88@yeah.net
Scan QR Code
Copyright:Yangzhou Jiaming Environmental Protection Technology Co., Ltd.