Asia
The Chinese sulfuric acid market experienced substantial upward price movement during the fourth quarter, driven primarily by surging raw material costs. The prices were about 95 USD/MT (Spot FD) in October and around 141 USD/MT in December. Sulphur prices climbed considerably throughout the period as global supply tightened due to reduced Russian production and limited international availability. The quarter opened with prices at relatively modest levels before entering a sustained appreciation phase that extended through mid-December. Some sulfuric acid production facilities faced operational challenges due to elevated input costs, with several plants reducing output or temporarily suspending operations, further constraining market availability. Demand from phosphate fertilizer producers remained steady, with some manufacturers switching from direct sulphur purchases to sulfuric acid outsourcing in response to raw material cost considerations. The latter portion of the quarter witnessed a modest price correction as sulphur markets experienced some easing, though values remained well above quarterly opening levels.
Similarly, Indian sulfuric acid markets displayed gradual upward pricing momentum throughout the fourth quarter, supported by seasonal agricultural demand patterns. The rabi season winter crop planting cycle generated increased requirements for phosphate fertilizers, the primary downstream consumer of sulfuric acid. This seasonal demand boost from agricultural applications provided sustained support to market values. Production facilities maintained steady operations while managing elevated sulphur import costs. Prices advanced gradually from the quarter's beginning through year-end, reflecting both domestic demand strength and international cost pressures. The prices were about 225 USD/MT (FOB, 98%) in October and around 231 USD/MT in December.
Europe
European sulfuric acid markets followed similar upward trends observed in Asian regions, with prices appreciating steadily throughout the quarter. The prices were about 313 USD/MT (CIF Felixstowe) in October and around 328 USD/MT in December in the United Kingdom. Import parity costs increased as global sulphur prices strengthened, raising production economics for European acid manufacturers. The United Kingdom market demonstrated consistent price gains from early October through late December, tracking international raw material cost movements. Demand from industrial applications including titanium dioxide production and chemical manufacturing remained at baseline levels, providing steady consumption support.
North America
North American sulfuric acid markets experienced comparable price strengthening aligned with global sulphur supply tightness and cost inflation. Domestic producers adjusted pricing in response to elevated raw material procurement costs. Demand from fertilizer manufacturing and industrial chemical applications maintained regular patterns, with steady consumption from established end-use sectors supporting market fundamentals.