Sulphuric Acid Market Faces the Brunt of High Production Costs Amidst Supply Issues in Europe and Asia

Sulphuric Acid Market Faces the Brunt of High Production Costs Amidst Supply Issues in Europe and Asia

Yage Kwon 18-Oct-2024

Hamburg, Germany: The Sulphuric Acid market across European and Asian regions is exhibiting a strong upward trend, largely driven by tightening supply conditions and the conclusion of the festive period in China. In Europe, limited spot availability is contributing to the bullish sentiment, while in Asia, particularly in China, market activity has intensified following the end of the holiday week. The combined factors, restricted supply and escalating production expenses are fueling the current upward momentum in the Sulphuric Acid markets across both regions, with participants closely monitoring the evolving dynamics.

The European Sulphuric Acid market witnessed a notable surge of xx.xx, reaching USD xxx/MT (FOB-Hamburg) during the week ending on xx October xxxx. This bullish trend is primarily driven by a combination of tight supply conditions and firm feedstock prices. The Sulphur market is maintaining stability at higher levels, adding upward pressure to the downstream Sulphuric Acid...

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