China's Sulphuric Acid Prices Plummet Below 1,000 Yuan/Mt Amid Stagnant Demand

Sulphuric acid prices in China have been on a downward trend since July 10, according to data from Copper smelters. The SMM Chinese sulfuric acid price index has declined for 11 consecutive weeks, with some regions seeing prices fall below 1,000 yuan/mt this weekend. However, demand from the fertilizer industry remains stagnant, and there are no signs of exports restarting.

The lack of improvement in demand is attributed to a strong wait-and-see sentiment dominating the market. This has led to a decline in sulphuric acid prices, which are crucial for industries such as fertilizers and chemicals. The current situation highlights the importance of market confidence and stability in driving price movements.