Hamburg, Germany: In the global market, the prices of Sulphuric Acid are experiencing an incline in their trend due to the increase in the production cost of the product as well as the heightened demand from the downstream Agrochemical sector. However, in Japan, the prices of Sulphuric Acid are maintaining their stability at the lower end, however, an increase in energy costs occurred due to rising prices in the upstream Crude Oil market. Despite moderate demand from downstream Agrochemical enterprises, existing inventory levels in storage units adequately compensated for it.
In the German market, Sulphuric Acid prices are experiencing a notable increase of xx.xxx, reaching USD xx/MT (FOB-Hamburg) on xxnd March xxxx. The upward trend can be attributed to several factors, with one significant factor being the increased demand for phosphoric acid and phosphate fertilizers, resulting in heightened utilization of sulfuric acid as a feedstock. This heightened...
