Antwerp, Belgium: In February xxxx, the prices of Sulphuric Acid experienced a fluctuating pattern due to the disruption in the supply and demand equilibrium. The European, as well as the Asian-Pacific region, witnessed a continued decline in the price trend of Sulphuric Acid due to the ongoing Farmers’ Protest and the Lunar New Year holiday season which hampered the supply chain and the production activities.
In the Belgium market, despite the rise in the upstream crude oil market prices, the Sulphuric Acid market witnessed a decline of x.xxx and reached USD xx/MT (FD-Antwerp) in February xxxx. This downturn was driven by sluggish demand for Sulphuric Acid from the downstream agrochemical sector and abundant inventory levels. Additionally, ongoing farmer protests in European countries, including Belgium, triggered by government policies promoting organic fertilizers through energy, fertilizer, and transportation price hikes, further impacted the economy and contributed to the...
