Himfr Analyzes Chinese Sulfuric Acid Market

December 2, 2009

BEIJING, Dec. 2 /PRNewswire-Asia/ — Himfr.com, one of China’s leading B2B
search platforms with more than 30 B2B industry websites to its name, analyzes
the Chinese sulfuric acid market.

In November, the Chinese price of sulfuric acid as a whole experienced an
upward trend. Now, 98% of sulfuric acid prices are 300 RMB/ton, increasing
about 9.9% over October. The sulfuric acid market trends differ between North
and South China. The overall rise in price in the North relies mainly on
market pull, concentrated in Hebei, Tianjin and Shandong provinces, where
sulfuric acid prices are sharply rising.

North Market Sulfuric Acid Price Rising

Hebei, Tianjin and Shandong sulfuric acid manufacturers in the north have
raised sulfuric acid prices to the range of about 80-180 RMB. The reasons are:

1. Shandong copper smelters, affected by higher international copper raw
material costs and the lower processing fees, have made sulfuric acid
production abnormal, and with the deployment of part of the smelter acid
factory park maintenance, this has led to tight market supply.

2. In the international market, the impact of rising sulfur prices has
caused elevation of Chinese sulfur prices.

By the end of November, the Chinese solid sulfur prices were 620 or so; in
the short term, sulfuric acid prices will remain high. Under various favorable
factors, the downstream market demand is relatively stable, northern areas
sulfuric acid prices remain high.

From the current market situation, from fertilizer to storage, accounting
for the export tariff reduction and other favorable factors, the operating
rate of Chinese phosphate fertilizer business has improved; the north China
sulfuric acid situation is good, inventories are small, but the market outlook
is more optimistic. Himfr expects that this improvement will continue until
the end of December.

South Market in Weakness

Compared with the northern region’s sulfuric acid market situation, the
southern region’s sulfuric acid market is relatively weak. Sulfuric acid
prices are in varying degrees of decline; concentrated in the Zhejiang, Hunan
and Hubei regions, the decline range is about 50-100 RMB.

Sulfuric acid (http://himfr.com/list-product-Agriculture-01000000-1.html )
prices drops in south area are because of a general increase in pre-load of
fertilizer production enterprises, which basically already met the Chinese
demand for fertilizer in autumn. Judging from the current market situation, in
Jiangsu and Hubei provinces, sulfuric acid prices appear to be rebounding.
Himfr expects that sulfuric acid market will basically remain stable.

Himfr reports that for the Chinese fertilizer, pesticide and other
industries in the production preparation period, the raw material prices will
rise slightly in December. In the short term, the oversupply situation of
sulfuric acid will not change.

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SOURCE Himfr.com

Source: newswire

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