High Inventory and Weak Demand Weighed on Sulphuric Acid Pricess

SHANGHAI, Apr 4 (SMM) - In March 2023, the prices of sulphuric acid remained low due to the sufficient in-plant inventories. The sulphuric acid inventory of some acid factories in Shandong even increased slightly. The mainstream acid factories in Hubei carried out maintenance in the middle and late March, but the maintenance had little positive impact on the prices. Since the end of March, the supply of sulphuric acid tightened due to the intensive maintenance, which may drive up the sulphuric acid prices in April. The demand side remained weak as downstream fertilizer enterprises reduced production while the titanium dioxide enterprises produced stably. On the whole, even with the tight supply, the prices were suppressed by the high in-plant inventory and weak demand. It is expected that the sulphuric acid prices will rise slightly in April due to the intensive maintenance of sulphuric acid producers.