1、 Price trend
This week, the selling price of sulfuric acid in Shandong Province rose, with the quotation rising from 402.50 yuan / ton at the beginning of the week to 415.00 yuan / ton at the end of the week, up 12.50 yuan / ton or 3.11%. Overall, the sulfuric acid market rose this week, and the sulfuric acid commodity index on November 13 was 64.59.
2、 Market analysis
From the manufacturer’s quotation, the price of mainstream sulfuric acid manufacturers in Shandong increased this week, with less inventory and stronger downstream demand. Heze Jiangyuan quoted 450 yuan / ton at the weekend, which was 50 yuan / ton higher than that at the beginning of the week; Zouping Tianlu offered 290 yuan / ton at the weekend, which was temporarily stable compared with the beginning of the week; Jinan Yuanfei quoted 350 yuan / T, which was temporarily stable compared with the beginning of the week; kunshengda of Taiyuan City quoted 570 yuan / T at the weekend, which was temporarily stable compared with the beginning of the week.
From the perspective of the upstream and downstream industrial chain, the upstream sulfur market has been consolidation at a high level recently, and the cost support is good. However, the market of monoammonium phosphate, diammonium phosphate and bromine in the lower reaches of the market has a positive impact on sulfuric acid. At the same time, some sulfuric acid factories are short of operation recently, the load is reduced, and the supply of sulfuric acid is in short supply.
3、 Future forecast
In the middle and late November, the sulfuric acid Market in Shandong Province was mainly fluctuated. The price of sulfur in the upstream has been high recently, and the downstream market is good. The purchasing enthusiasm of the downstream for sulfuric acid is normal, and the product trend is upward under the contradiction between supply and demand. The sulfuric acid analysts of the business agency believe that the short-term Shandong market in the supply and demand and raw materials and other aspects of the impact of sulfuric acid market or a small shock rise.
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