Recent trend of sulfuric acid price
|ferric sulfate (Poly ferric sulphate)|
As can be seen from the figure above, the price of sulfuric acid Market in Shandong rose this week, from 643.33 yuan / ton at the beginning of the week to 670.00 yuan / ton at the end of the week, up 4.15%, 56.73% year on year compared with the same period last year. Overall, the sulfuric acid market rose this week, with the sulfuric acid commodity index at 104.28 on July 16.
Downstream market boosted, purchasing intention strengthened
From the quotation of manufacturers, the price of mainstream sulfuric acid manufacturers in Shandong Province rose this week, the inventory of manufacturers was general, and the downstream demand was good. The quotation of Heze Jiangyuan sulfuric acid at the weekend is 730 yuan / ton, which is 50 yuan / ton higher than that at the beginning of the week; Zouping Tianlu quoted 630 yuan / ton this weekend, up 30 yuan / ton compared with the beginning of the week; Jinan Yuanfei quoted 650 yuan / ton, which was temporarily stable compared with that at the beginning of the week.
From the perspective of the upstream and downstream industry chain, the sulfur market in the upstream has been consolidated at a high level recently, with the quoted price of 1646.67 yuan / ton, which is 164.17% higher than that in the same period of last year, and the cost support is good. Moreover, the bromine market in the lower reaches was consolidated at a high level, with the quoted price of about 45300.00 yuan / ton this week, up 71.96% compared with the same period last year. On the whole, the upstream and downstream products have a positive impact on the price of sulfuric acid this week.
After a small shock fell
In late July, the market of sulfuric acid in Shandong may fluctuate and fall slightly. The price of sulfur in the upper reaches has been consolidated at a high level recently, and the cost support is good. However, the price of bromine in the lower reaches has begun to decline slightly, the purchasing enthusiasm of sulfuric acid in the lower reaches has weakened, and the product trend has declined under the contradiction between supply and demand. Business community sulfuric acid analysts believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of the sulfuric acid market or small shocks down.