B · Normal
[The contradiction between supply and demand intensifies, and sulfuric acid prices accelerate to bottom out before the holiday] On September 21, the domestic sulfuric acid market continued to be sluggish, and prices accelerated to bottom out. As of last week, the domestic 98% sulfuric acid Longzhong price index fell sharply to 1,380 yuan/ton, a decrease of 10.39% from the previous week, and the decline significantly expanded from the previous two weeks. Analysts said that although the downstream phosphate fertilizer operating rate showed slight signs of recovery, the supply-side production continued to rise, the cost-side sulfur price collapsed, and transportation was restricted during the double festival. Under the triple negative combination, the market was pessimistic and it was difficult to find support for acid prices before the holidays. (Longzhong Information)
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