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Sulfuric acid market trends in Guangxi

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July 4, 2023, 6:38 PM
On July 4, the price of new orders in the sulfuric acid market in Guangxi fell slightly. As of now, the factory price of 98% of smelted acid in Guangxi is between 150 and 260 yuan/ton. The supply of acid factories in the zone is stable, the inventory in the early stage is sufficient, and the prices of some newly signed downstream orders are slightly discounted compared with the previous month. Due to the low inventory of coastal acid factories, some small and medium-sized customers still implement high-priced early orders. Recently, the two major acid factories in the region have shipped export orders, and short-term sales are worry-free. However, due to the obvious price gap between high and low, subsequent signings are expected to move downward.