Product
Sulfuric Acid Price Trend
Sulfuric Acid Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Sulfuric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sulfuric Acid Price Trend for the First Half of 2022
Asia
The prices of sulfuric acid consistently rose in the first quarter. As a platform chemical and an essential component in fertilizers, its robust demand from the agricultural sector strengthened its pricing patterns. The price of sulfuric acid averaged 172 USD/MT during Q1. With the economic and political situation aggravating the global supply constraints, sulfuric acid prices are further inclined. In Q2, the price of sulphuric acid averaged 11020 INR/MT in the Indian domestic market.
Europe
Sanctions against the significant exporters of fertilizers, Russia and Belarus, created massive shortages in the European market as the precious Black Sea cargoes did not arrive. Hence, pressure was put on domestic manufacturers to increase production, thereby impacting the demand fundamentals for sulfuric acid. The prices surged throughout the European market, averaging 236 USD/MT.
North America
During the said period, the pricing fundamentals of sulfuric acid kept strong, averaging 264 USD/MT in the US domestic market. These inflated prices were supported by high feedstock prices, raised freight charges, labour shortages and solid downstream demand.
Analyst Insight
According to Procurement Resource, the price of sulfuric acid will likely undergo fluctuations as the geopolitical situation relaxes. The new supplies coming from US and OPEC+ are expected to ease the upstream cost pressure on industrial production. Also, given the grim economic crisis, the demand for fertilizers is declining, which will directly impact sulfuric acid pricing.
Sulfuric Acid Price Trend for the Year of 2021
Following a consistent uptrend in the previous quarter, the sulphuric acid market sentiments in US eased during the final quarter of 2021. The development in the market dynamics could be attributed to the improved availability of feedstock sulphur as the OPEC+ alliance reported a gradual increase in the production of crude oil which was further backed by the announcement made by the Biden’s administration to release oil reserves in the middle of the fourth quarter.
Additionally, the quarterly average producer's price index in the US for sulphuric acid was assessed at 206.10 points. The FOB Linden NJ prices for sulphuric acid followed a ripple effect and were settled at 178 USD/MT. In China, the price was recorded in the range of 800-1400 RMB/MT in March 2022. The upstream sulphur market had risen sharply and the cost support was good.
According to the National Bureau of Statistics of China, the country produced more than 92.38 million metric tonnes of sulfuric acid in 2020. Fertilizers consumed a significant amount of sulfuric acid, with over 52.5 million tonnes of chemical fertiliser used in China in 2020.
Coromandel International, India's second-largest phosphatic fertiliser player and a subsidiary of the Murugappa Group, announced plans in November 2021 to invest INR 400 crore in a sulfuric acid plant with a daily capacity of 1,650 tonnes at its fertiliser complex in Visakhapatnam.
Pharmaceuticals is one of the region's fastest-growing industries, and it's also a big user of sulfuric acid. According to IBEF, India's domestic pharmaceutical market is predicted to reach USD 120-130 billion by 2030, up from USD 42 billion in 2021.
Procurement Resource provides latest prices of Sulfuric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Sulfuric Acid, a colourless liquid, is a well-known mineral acid consisting of elements such as sulphur, oxygen and hydrogen. It is an odourless liquid that is viscous in nature and miscible in water. It is synthesized in extreme exothermic reactions. It has strong acidic nature and it readily absorbs water vapour from the air. It finds wide range of applications in chemical industry such as its use as an electrolyte in lead-acid batteries.
Product Details
| Report Features | Details |
| Product Name | Sulfuric Acid |
| Chemical Formula | H2SO4 |
| Industrial Uses | Fertilisers, Production of chemicals, Sulphur–iodine cycle, Oil refining, Wastewater processing, Industrial cleaning agent, Catalyst, Electrolyte |
| Molecular Weight | 98.08 g/mol |
| Synonyms | 7664-93-9, Oil of vitriol |
| Supplier Database | BASF SE, INEOS Sulphur Chemicals (INEOS Capital Limited), The Mosaic Company, Saudi Arabian Mining Company (Ma’aden), Agrium U.S. Inc. (Nutrien Ltd.), Zhejiang Jiahua Energy Chemical Industry Co. Ltd. |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Sulfuric Acid from Sulphur via Single Contact Process, via Double Contact Process, via Wet Sulfuric Acid Process, from Tail Gas Using H2O2 Abatement.
In order to produce Sulfuric Acid via Single Contact Process, sulphur is burned to produce sulphur dioxide, followed by its conversion to sulphur trioxide via oxidation. The obtained sulphur trioxide is transformed into Sulfuric Acid by absorption with recirculating Sulfuric acid solution in water in just one column.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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