Price trend
As can be seen from the above figure, the price of sulfuric acid distribution in Shandong increased this week, with the quotation rising from 520.00 RMB/ton at the beginning of the week to 526.67 RMB/ton at the weekend, an increase of 1.28%, a year-on-year increase of 58%. On the whole, the sulphuric acid market rose this week, and the sulphuric acid commodity index on April 9 was 81.97.
Analysis review
Judging from the manufacturers' quotations, the prices of mainstream sulfuric acid manufacturers in Shandong region increased this week, the manufacturers' inventory was large, and the downstream demand was average. Heze Jiangyuan’s weekend price was 610 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Zouping Tianlu’s weekend quotation was 520 RMB/ton, compared with the beginning of the week, the quotation increased by 20 RMB/ton; Jinan Yuanfei’s quotation was 450 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable.
From the perspective of the upstream and downstream industrial chain, the upstream sulfur market consolidated at a high level recently, and the cost support was relatively good. Moreover, the downstream market for ammonium biphosphate, DAP, and bromine was also rising, which had a positive impact on sulfuric acid.
Market outlook
In mid-April, the sulphuric acid market in Shandong may fluctuate and rise mainly. The upstream sulphur price has consolidated at a high level recently, and the situation in the downstream market is good. The downstream enthusiasm for sulphuric acid purchase is normal, and the product trend is upward due to the contradiction between supply and demand. The sulphuric acid analyst of SunSirs believes that under the influence of supply and demand and raw materials, the sulphuric acid market in Shandong may fluctuate upward slightly in the short term.
