Multiple positives boost sulphuric acid prices higher
2023-09-08
Recently, the supply and demand end of sulfuric acid and the cost end are more favorable impact, the market trading atmosphere is more active, sulfuric acid prices continue to rise. In the short term, the sulfuric acid market is still dominated by the bullish, and the price still has certain upward expectations.
The recent demand for sulfuric acid market is good, coupled with the tightening of supply expectations in some areas, and the high price of raw materials support, multiple positive boost, sulfuric acid prices continue to rise. As of August 31, the average price of sulfuric acid in China was 272.25 yuan/ton, up 12.25 per cent from the same period last week and 63.21 per cent from the beginning of the month.
The downstream application of sulfuric acid is mainly divided into fertilizer and chemical products market, of which phosphate fertilizer accounts for about 36% of the total consumption of sulfuric acid, is the main downstream of sulfuric acid, followed by titanium dioxide, accounting for about 16%. Recently, the main downstream products of sulfuric acid started a number of relatively high, the overall demand end performance is better.
At present, refinery starts are relatively stable, the terminal inventory level is high, the overall supply is more adequate, while the main downstream start-up steady increase, coupled with the downstream product prices continue to rise, to promote the upward price of raw materials. At the same time, the price of sulfur is higher and counterproductive in the sulfuric acid market, supporting the price of sulfuric acid.
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