According to the price monitoring of the business agency, the selling price of sulfuric acid in Shandong Province rose slightly this week. The quotation rose from 243.33 yuan/ton at the beginning of the week to 253.33 yuan/ton at the end of the week, an increase of 4.11%, down 51.52% from the same period last year. Overall, sulfuric acid rose this week, with the sulfuric acid commodity index at 39.43 on October 11.
II. Market Analysis
This week, the price of the main sulphuric acid producers in Shandong rose slightly, with fewer inventories and fewer downstream demand. The weekend quotation of Heze Jiangyuan is 240 yuan/ton, which is temporarily stable compared with the beginning of the week; Zouping Tianlu is 70 yuan/ton at the weekend, which is 30 yuan/ton higher than the beginning of the week; Jinan Yuanfei is 450 yuan/ton, which is temporarily stable.
(2) Industrial chain:
Recently, the domestic sulfur market has rebounded, the downstream ammonium Market Trading atmosphere is not good, the transaction is light, the new single transaction is not ideal, the diammonium market is also low consolidation, the downstream demand is less, sulfuric acid enterprises send more early orders, short-term start is insufficient, the supply is slightly tight. This week, domestic sulphuric acid plants run smoothly, market supply is relatively tight, downstream gas purchases are general, market turnover is limited.
3. Future Market Forecast
After the adjustment in September, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Upstream sulfur prices rebounded, National Day has passed, downstream construction increased, downstream purchasing willingness increased, and products went up under the contradiction between supply and demand. Business sulfuric acid analysts believe that the short-term Shandong market in supply and demand and raw materials and other aspects of the impact of the sulfuric acid market tends to rise.