Sulfuric Acid Market Price Analysis(April 29)
Domestic sulfuric acid market price
Today, the domestic sulfuric acid market is generally stable, and the price in individual regions has been slightly reduced. As of now, the price of 98% smelting acid in Hubei is 180-250 yuan/ton, and the price of 98% smelting acid in Inner Mongolia is 270-450 yuan/ton. The price reduction in Hubei is mainly due to the weakening of downstream phosphate fertilizer demand and the reduction of market demand, while the pre-maintenance enterprises in the region resume production, the relationship between supply and demand of sulfuric acid is unbalanced, and the price of new orders in the region is slightly reduced; At present, the price of sulfuric acid basically remains low, and with the resumption of production of acid plants in some areas in the later period, the sulfuric acid market is still under pressure after the holiday.
Sulfuric acid price index
According to TDD-Global Data Department, the sulfuric acid market price index on April 29 was 314.42, down 1.92 from yesterday, a decrease of 1%.
Forecast for the future market
The demand for sulfuric acid downstream market is weak, the inventory of some acid plants increases, and some of the pre-maintenance acid plants resume production, the supply and demand game of the sulfuric acid market was on the run, and the downstream enterprises are under cost pressure, temporarily maintain rigid demand procurement, with the increase in the supply of sulfuric acid in some areas in the later period, acid prices may fluctuate downward.
