Sulfuric acid market trends in Guangdong
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May 15, 2023, 11:37 AM
On May 15, the transaction price was preferential in the sulfuric acid market in Guangdong. The downstream demand situation in the region remains sluggish and shows no signs of improvement in the short term. Most of the acid factories are ore acid, and costs are under pressure. However, under inventory pressure, the transaction price has gradually moved downward. Traders are not very interested in current market prices, social inventories are relatively low, and the market atmosphere is deadlocked. Subsequent acid plants are expected to stop production and reduce production under the dual pressure of inventory and cost. The price of 98% ore acid in Guangdong is referenced to 120-220 yuan/ton.