Sulphuric Acid Prices Overview

Market Overview

Quarterly Update on Global Sulphuric Acid Market
 
For the Quarter Ending September 2020
 
Asia
 
Shortage in the supply of Sulphuric Acid was witnessed in Q3 2020 in the Asia Pacific region, because of escalated demand of the product from the downstream sectors in China which led to an increase in the domestic Chinese consumption. China being one of the major exporters and consumers of Sulphuric acid in APAC strongly drives the regional market outlook. The demand-supply equilibrium of the region was seen impending shifts towards China and South Korea with producers running out of stocks till the end of 2020.
 
Europe
 
The supply of Sulphuric acid was stable in Europe in Q3 of 2020, while the demand of Sulphuric acid which remained poor in July & August, showed gradual recovery by the end of September 2020. Most of the economies in the European region started recovering with demand from the acid consuming sectors gaining the lost uptrend by the second half of the quarter with rollovers readily accepted by most of the buyers. Moving into Q4, regional manufacturers are expecting positive market sentiments as the despite looming uncertainties as the second COVID-19 wave creates confusion among producers.
 
North America
 

The supply of Sulphuric acid was tight in Q3 due to the outbreak of Hurricane Laura in the region, which caused temporary disruptions in the US’ power supply.  Kennecott, one of the largest producers of Sulphuric Acid via smelter route reported decline in the Sulphuric Acid production due to disruptions in the power supply. Many other manufacturing facilities were heard announcing temporary closures at their units, exacerbating the supply constraints. Some units were not able to resume the production until the end of September thus creating a significant demand-supply gap.

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Services
Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Sulphuric Acid manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Sulphuric Acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Sulphuric Acid market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
 

Finally, region-specific markets for Sulphuric Acid are analyzed and region-wise demand pattern is tracked.

About

Sulphuric acid (denoted by formula H2SO4) is one of the most important compounds for the chemical industry. It is a diprotic acid and possesses the property of being highly corrosive mineral acid. It is a colorless and water-soluble acid and has a pungent smell. Sulphuric acid is manufactured by different methods such as contact process & smelter byproduct route. Sulphuric acid finds several applications in different industries and industrial processes due to its strong oxidizing and dehydrating properties. Major applications of Sulphuric acid are in the manufacturing of phosphate fertilizers, metal processing, to produce phosphoric acid, wastewater treatment, mineral processing, as a cleaning agent and for the synthesis of various other chemicals, etc. Purity of commercial grade Sulphuric Acid is around 98.4% while in battery grade, purity ranges above 98% and goes till 99.9%. Battery grade Sulphuric acid is also known as distilled Sulphur with less iron residues in it. Commercial grade finds its application in various industries such as fertilizers, explosives, fluorine derivatives, pulp, dyes & dyes intermediates, LABSA production and water treatment, amongst many others.