Sulphuric Acid Price Trend and Forecast

North America

In the Q4 of 2022, the Sulphuric Acid Prices advanced in a plummeting direction, with the price being at its lowest by the end of the quarter, as per ChemAnalyst Research Team Data. The cost ranged at USD 260/ton FOB Linden NJ (USA) during October in the domestic market region as per sourced by the traders and the suppliers. There was a plunge in the downstream fertilizer industry, driving a good pullback from the bulk Chemicals industry, which has been one of the sole reasons for Sulphuric Acid prices to fall.  This was a modest decline in the prices that were noted by the market players. The de-escalation in demand for the product from the fertilizers and dyestuff industry affected the price of the product in the US domestic market. Market experts perceive the American Sulphuric Acid industry as pessimistic, expecting long-term growth rates to be lower than they have historically been.

Asia

The price of Sulphuric Acid swiftly dropped since there was limited order support in the Asian market. Firms that produce Sulphur steadily decreased their prices to stabilize the supply of the feedstock and meet the available demand. The cost support was badly impacted by the ongoing decrease in the price of crude oil. The product's low-price trend in the local market was backed by poor demand, excess supply, and declining spot prices abroad. The downstream fertilizer industry has maintained consistent consumption levels, while the automobile and construction sectors have kept volume intakes on the lower side. The prices have been observed at USD 92/ton IR Grade FOB Qingdao during November in the fourth quarter of 2022 as per ChemAnalyst Research Team Data in the Chinese market.

Europe

During the fourth quarter of 2022, the market value of Sulphuric Acid plunged in the fourth quarter of 2022 in the European market, with price ranging at USD 244/ton IR Grade FOB Hamburg in November. The inventories of Sulphuric Acid were rising in the trader's and the supplier's regular stock due to lower consumption in the regional market. The factor driving down the pricing of the Sulphuric Acid business has been investors' gloomy outlook for the automotive manufacturing sector in the remainder of the quarter. A significant interruption in production was furthered by a decrease in the Sulphur Prices amid declining crude oil prices. The rate of Sulphuric Acid production has been further reduced amid sluggish product demand.

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

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