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.
Procurement Resource provides prices of Sulfuric Acid for several regions around the globe, which are as follows:
About Sulfuric Acid:
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.
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.
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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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