JIANGSU KOLOD FOOD INGREDIENTS CO.,LTD.

FOCUS ON FOOD ADDITIVES AND CHEMICALS

Jiangsu Kolod Food Ingredients Co.,Ltd.

JIANGSU KOLOD

FOCUS ON FOOD ADDITIVES AND CHEMICALS

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SULFURIC ACID MARKET WEEKLY REPORT(01.21-01.27, 2022)

SULFURIC ACID MARKET WEEKLY REPORT(01.21-01.27, 2022)

2022.01.30 Industrynews 20

 Price trend

As of this Thursday, the average market price of 98% acid was 464 yuan/ton, an increase of 4.5% from last week, a decrease of 14.2% from the previous month, and a decrease of 10.5% from the beginning of the year.

 Market Highlights This week, the atmosphere of China's sulfuric acid market has recovered, and it has been adjusted up flexibly. This week, the market price of sulfuric acid in Jiangsu, Zhejiang, Jiangxi, Shandong, Yunnan, Henan, Panzhihua, Sichuan and other regions increased by RMB 10-200/ton. The price of sulfuric acid in Shanxi and Guangdong fell by 20-30 yuan/ton. In Hubei, Henan, Shanxi and other places, there has been snowfall recently. In some areas, due to the snow on the roads, transportation has been sluggish. Superimposed on the approaching of the New Year, logistics will take advantage of the trend to take an early holiday. The Winter Olympics and Paralympic Games will restrict the passage of transport vehicles depending on the weather. Enterprises in northern Shandong have reported that vehicles below the National IV level have been banned. At present, some areas in Hebei and Henan have received verbal notices to suspend production and reduce production, and individual acid companies have stopped, and the details will continue to be tracked.

 Market outlook predicts that the sulfuric acid market will reverse at the end of January, and the price will rise. Coinciding with the Spring Festival holiday, at present, most acid companies have achieved remarkable results in clearing their inventories, and there is support on the supply side. It is expected that the price of sulfuric acid will show an upward trend in February, with an increase of 30-50 yuan/ton per round.

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