Analysis of the sulfate market trend in July 2015

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This post was last edited by Zhang Ruqing on 2015-8-3 at 07:21. Analysis of the sulfuric acid market trend in July 2015 I. Domestic sulfuric acid market trend This month, domestic sulfuric acid prices showed an overall fluctuating pattern. According to data monitoring, the average price of sulfuric acid in the market was 382 yuan per ton at the beginning of this month, and it rose to 390 yuan per ton by the end of the month, representing a 5.12% increase compared to the same period last year. 　　II. Domestic Market Analysis Product: Throughout July, the price of sulfuric acid remained stable with a slight upward trend; most manufacturers had sufficient inventory, and demand came primarily from orders from downstream buyers ； The price of sulfuric acid in Central China has seen slight adjustments, while the acid price in Henan remains stable; the ex-factory price for 98% ore acid is around 330–360 yuan per ton. Some manufacturers in regions such as Jiangsu and Zhejiang are seeing good sales, leading to a slight increase in the acid value. 　　Industry chain: Domestic sulfur market prices have remained stable; the trend in July was one of mild stability, with little overall support for sulfur-based acid production in the downstream sector ； Affected by the off-season for fertilizers, downstream fertilizer manufacturers have a weaker willingness to purchase sulfuric acid; however, fertilizer exports from Jiangsu province are positive for the sulfuric acid market. 　　Industry: Recently, the sulfuric acid market in East China has shown stable performance. In Shandong Province, the maintenance work at acid-producing plants was largely completed in July. Due to transportation constraints, some manufacturers raised the price of sulfuric acid by 20 yuan per ton; currently, the price of 98% pure sulfuric acid at the factory level remains around 360–380 yuan per ton ； The ex-factory price of 98% ore acid is around 370–400 yuan per ton, while the ex-factory price of 98% sulfuric acid is around 400–430 yuan per ton ； Exports in the Jiangsu and Zhejiang regions are favorable; the acid value has increased by an average of 20 yuan per ton, while the ex-factory price of 98% sulfuric acid is around 370–420 yuan per ton ； In July, the overall operating rate of sulfuric acid producers remained around 60%, and the market conditions for sulfuric acid stayed relatively stable ； It is expected that the market for downstream phosphatic ammonium fertilizers will see a recovery in August, while the sulfate market is likely to remain stable in the short term. 　　III. Market Outlook and Projections Analyst Wang Tengjiao specializing in sulfuric acid believes that the operating rate of sulfuric acid manufacturers as a whole will remain around 70% in August. Most of these manufacturers decide their production levels based on demand, and there is a decent level of purchasing demand from downstream industries; therefore, it is expected that the sulfuric acid market will remain stable in the coming period.