[Ni] Nickel Imports in March Indicate Ample Supply

SHANGHAI, Apr. 23 (CBI China) -- This week, domestic sulfuric acid price experienced slight slip this week, down RMB 20/mt, especially in South China and Central China, due mainly to the weakening fertilizer market. As some fertilizer producers began cutting and suspending productions, the sales of sulfuric acid became poorer. In addition, the pressure from imported sulfuric acid in South China remains another reason for the price slip. 
&nbsp;&nbsp;&nbsp; The price remained at RMB 200/mt for 98% sulfuric acid in East China. The traded price was RMB 350/mt for sulfuric acid in Southwest region due to the better geographical location, limited local sulfuric acid output and moderate downstream demand. While the output of sulfuric acid was large and demand was weak in Northwest region, so most of sulfuric acid flowed into Henan, Shanxi and Shaanxi provinces. The sales of sulfuric acid will become worse along with the declines in the demand from downstream fertilizer producers. 
&nbsp;&nbsp;&nbsp; Domestic fertilizer market demand will enter off-season in April, while some chemical sectors demand will likely to improve slightly, and the overall price for sulfuric acid will move downwardly in the near future, as most of sulfuric acid will be used in fertilizer industry, but the price may be firm in some regions. 
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