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China's sulfuric acid, sulfur market ushered in a collective positive trend
time2021/10/27
- China's sulfuric acid, sulfur market ushered in a collective positive trend
"The price of sulfuric acid from January to September 2021 was on a unilateral upward trend, rising from 265 yuan/ton at the beginning of the year to 825 yuan/ton." Liao Kangcheng, deputy secretary general of China Sulfuric Acid Industry Association, introduced. For sulfuric acid prices soaring reasons, he said its one is the monetary over-issuance, the world's major economies since March 2020 the scale of money printing, more than the sum of 5,000 years of human civilization before 2008 the scale of money printing; its two is the price of raw materials, such as the Middle East in early October sulfur prices $ 190 ~ 200 / ton fob, up $ 155 / ton than at the beginning of the year; its three is Downstream volume and price increase, the production of each major downstream products of sulfuric acid this year has grown significantly, driving up the demand for sulfuric acid. In the first nine months, the rise in production of only four products - phosphate compound fertilizer, titanium dioxide, hydrofluoric acid and caprolactam - pushed domestic sulfuric acid demand up by more than 4 million tons.