After the Spring Festival, the sulfuric acid market has been climbing step by step. According to the Commodity Analysis System of Business Society, the domestic sulfuric acid market prices have significantly increased after the holiday. The price of sulfuric acid increased from 187.50 yuan/ton on February 17th to 298.75 yuan/ton on March 26th, an increase of 111.25 yuan/ton, an increase of 59.33%, and a year-on-year increase of 17.16%.
From the supply side, after the holiday, the operating rate of manufacturers has increased, factory prices have increased, and the inventory of manufacturers is relatively low.
Cost side: The sulfur market has significantly increased
From a cost perspective, the post holiday sulfur market has a positive trading atmosphere, smooth refinery shipments, and an increase in sulfur prices. The price of sulfur increased from 986.67 yuan/ton before the holiday to 1063.33 yuan/ton at the end of the month, an increase of 7.77%, and the price at the end of the month decreased by 9.12% year-on-year. The upstream sulfur market has significantly increased, with good cost support, which has a positive impact on the price of sulfuric acid.
On the demand side: Downstream market fluctuates and rises
From the demand side, the supply of titanium ore is tight, and 18 titanium dioxide companies have successively sent letters to raise prices. The overall confidence in the on-site market is good, and the inventory of manufacturers is tight, causing the titanium dioxide market to fluctuate and rise. The market price of titanium dioxide increased from 16583.33 yuan/ton before the holiday to 17166.67 yuan/ton at the end of the month, an increase of 3.52%. The downstream market of sulfuric acid has slightly increased, and downstream manufacturers are more proactive in purchasing sulfuric acid.
Looking at the future: In mid to early April, the domestic sulfuric acid market may experience a slight fluctuation and rise, with consolidation being the main trend. The downstream titanium dioxide market is fluctuating and rising, and the downstream has a good enthusiasm for purchasing sulfuric acid. The upstream sulfur price has significantly increased, leading to increased cost support. The sulfuric acid analyst from Business Society believes that in the short term, the sulfuric acid market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials, with consolidation being the main trend.
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