Hamburg, Germany: The global Sulphuric Acid market is currently experiencing a bearish trend, largely influenced by weakened performance in the Agrochemical sector. This downturn can be attributed to subdued demand from downstream Agrochemical enterprises, coupled with ample inventory levels meeting existing demand. Consequently, Sulphuric Acid prices are on a downward trajectory as consumption rates remain sluggish. Additionally, the Sulphur feedstock market and upstream Crude Oil market are both weak, leading to reduced operational costs for Sulphuric Acid production. Although Crude Oil prices saw a decline in the week ending on February xnd, xxxx, there was an overall upward trend observed from December xxxx to January xxxx.
In the European market, the prices of Sulphuric Acid declined in the German market by x.xxx and reached USD xx/MT (FOB-Hamburg) on xnd February xxxx, due to weak demand from the downstream sectors. Hence, in response to the unfavorable...
