Sulphuric Acid Price In USA
United States: 59/MT
In the United States, the price of sulphuric acid reached $59 per metric ton (MT) in December 2023. During the fourth quarter, the market saw a decrease in prices and significant fluctuations. This trend represented a 10.7% decline from the previous quarter. The drop in sulphuric acid prices was primarily due to weak demand and limited market fundamentals.
The latest report by IMARC Group, titled " Sulphuric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sulphuric Acid Prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Sulphuric Acid Price Analysis:
Belgium: $54/MT
Saudi Arabia: $55/MT
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The study delves into the factors affecting sulphuric acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sulphuric Acid Price Trend - Last Quarter
The sulfuric acid market is primarily driven by increasing demand from the fertilizer sector, where sulfuric acid is essential for producing phosphate fertilizers, supporting global agricultural growth. Additionally, the rise in industrial activities, particularly in mining and metal processing, is fueling the need for sulfuric acid in metal extraction and refining processes. The expanding chemical industry, which relies on sulfuric acid for producing various chemicals, including hydrochloric acid and nitric acid is propelling market growth.
Furthermore, stringent environmental regulations are prompting industries to adopt cleaner production processes, often requiring sulfuric acid for waste treatment and neutralization. Technological advancements in production methods are enhancing efficiency and reducing costs, making sulfuric acid more accessible. The growing emphasis on battery manufacturing, especially for electric vehicles, has augmented the demand for sulfuric acid in lead-acid battery production. Additionally, the global economic recovery post-pandemic is revitalizing industrial output, leading to increased consumption of sulfuric acid across various sectors, thus stimulating market growth.
Sulphuric Acid Industry Analysis
In Q1 2024, the North American sulfuric acid market experienced bearish conditions, driven by declining demand from agrochemical enterprises and high inventory levels. This prompted industry players to lower prices and extend offers to stimulate buyer interest, yet procurement remained cautious due to concerns over potential losses. Moreover, the APAC region exhibited weak demand and surplus stock, leading manufacturers to reduce production rates to avoid oversupply. Despite price reductions to encourage purchasing, buyers hesitated to commit. In Europe, the market also showed a bearish trend, with a 6.25% price decline in Germany attributed to seasonal demand fluctuations and ample supply, despite steady industrial demand.
The MEA region faced oversupply issues, leading suppliers to offer discounts, further decreasing prices. Although sluggish agrochemical demand slowed consumption rates, falling feedstock prices alleviated some operational costs for producers. However, by February and March, an upward price trend emerged due to insufficient storage supplies, driving production increases to meet agrochemical demand. Thus, these factors indicate a challenging market landscape for sulfuric acid across various regions, with producers striving to balance supply and demand amid fluctuating market conditions.
Regional Price Analysis:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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