In the Asian region, the sulphuric acid market is showcasing bullishness in its trend. With the ongoing tight supply in the global market, the market sentiments of the commodity continued to showcase an upward trend. High production cost, supply tightening, active buying activities of OCP, and consistent demand from the downstream agrochemical sector continued to result in price hikes of sulphuric acid.
In China, the sulphuric acid market experienced a surge of x.xx and the prices reached USD xx/MT (FOB-Qingdao), during the week ending on June x. The production cost of sulphuric acid continued to witness a surge due to the persistently high prices of the feedstock sulphur market. Furthermore, last week, Tongling’s new sulphuric acid production line began operating and currently, the output of the commodity is very low. Moreover, a new plant was commissioned at the end of...
