During the second quarter of 2025, sulfate prices followed an irregular trajectory, influenced by shifts in both production costs and demand patterns. The quarter opened with a downward movement, as weaker demand from downstream sectors and supply-side adjustments exerted pressure on prices. At the same time, the sulfuric acid market also experienced softening, reinforcing the overall bearish sentiment. This declining trend continued until prices reached a support level, after which the market entered a phase of relative stability.
As the quarter progressed, demand from key end-use sectors such as fertilizers and chemicals improved gradually. This led to a measured recovery in prices, with producers adjusting their offers in line with improving market conditions. The recovery was further supported by the stabilization of raw material costs, which had previously contributed to price weakness. By the latter half of the quarter, pricing trends reflected this improvement, as procurement activity from major consuming sectors, particularly chemicals and agriculture, showed a noticeable pickup. Overall, mixed market trends were witnessed for the majority of the quarter.