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 North America


In Q2 2024, the North American Sulphuric Acid market saw a significant price increase, driven by several key factors. Production costs continued to rise, propelled by stable yet elevated prices of upstream Sulphur and Crude Oil. The manufacturing sector showed signs of improvement, as evidenced by an increase in new orders and employment, which further exerted upward pressure on Sulphuric Acid prices. Additionally, supply chain disruptions, including delivery delays and rising shipping costs, contributed to inflationary trends in the market. The summer driving season also boosted demand for regenerated Sulphuric Acid from refineries, offsetting a seasonal decline in the agrochemical sector. Inflationary pressures and supply chain constraints, including potential rail strikes, intensified the bullish sentiment, causing market participants to hesitate in lowering prices.

Focusing on the USA, which experienced the most significant price fluctuations, market dynamics were heavily influenced by seasonal trends and economic indicators. Year-over-year, prices surged by an impressive 28%, while the quarter-over-quarter increase reached 20%, indicating a strong upward trajectory. Within the quarter, a notable price increase of 13% underscored the persistent rise in market valuations. By the end of the quarter, Sulphuric Acid prices in the USA peaked at USD 125/MT (CFR Texas), reflecting a positive pricing environment. This consistent upward trend throughout Q2 2024 indicates a robust and inflationary market landscape, driven by both demand and supply-side factors, establishing a distinctly optimistic sentiment regarding Sulphuric Acid pricing.

Get Real Time Prices for Sulphuric Acid: https://www.chemanalyst.com/Pricing-data/sulphuric-acid-70

APAC

In Q2 2024, the Sulphuric Acid market in the APAC region experienced considerable price volatility, largely due to a mix of factors that heightened market sensitivity. Overall, the quarter exhibited an upward price trend influenced by supply chain disruptions, increased demand from downstream sectors, and fluctuating feedstock Sulphur costs. Rising energy costs, fueled by escalating Crude Oil prices, further contributed to higher production costs, impacting Sulphuric Acid pricing. Additionally, geopolitical tensions and logistical challenges exacerbated the tight supply environment, driving prices higher.

Japan, where the most pronounced price changes were observed, showcased particularly notable market dynamics. The overall sentiment remained bullish, primarily driven by seasonal demand from the agrochemical sector. This seasonal uptick, combined with low inventory levels and rising freight costs, heightened price sensitivity. Compared to the same quarter last year, Sulphuric Acid prices in Japan fell sharply by 44%. However, in comparison to the previous quarter of 2024, prices saw a relatively modest decrease of 6%, indicating a more nuanced market adjustment. A 27% price change was noted between the first and second halves of the quarter, highlighting the market's responsiveness to shifting supply and demand dynamics. By the end of Q2 2024, the latest recorded price for Sulphuric Acid in Japan was USD 23/MT FOB-Nagoya. Despite the fluctuations and underlying challenges, the pricing environment during this quarter exhibited a stable yet cautiously optimistic outlook, balancing supply constraints with demand pressures.

Europe

In Q2 2024, the European Sulphuric Acid market experienced a significant upward pricing trend, influenced by multiple key factors. A rigorous maintenance schedule across European smelters limited Sulphuric Acid availability, leading to a supply crunch. Compounding this issue, tight supplies of molten sulphur, a vital feedstock, resulted from constrained production from sulphur burners. Strong demand from the agrochemical sector, driven by seasonal planting activities, further exacerbated the supply-demand imbalance. The broader economic landscape, characterized by inflationary pressures and rising production costs from increasing crude oil prices, also played a crucial role in escalating Sulphuric Acid prices.

Germany, in particular, saw the most significant price changes, with the overall trend for the quarter indicating a marked increase. This was largely due to heightened demand from the agrochemical sector during the crop season, combined with insufficient inventory levels. The correlation between these factors and the upward price trajectory was evident, with prices in Germany surging by 50% compared to the previous quarter. In comparison, the quarter witnessed a 5% decrease from the same period last year, highlighting volatility and sharp escalation within the current year. Seasonal factors, such as mid-crop season demand, also influenced price dynamics, with a notable 30% increase between the first and second halves of the quarter. At the end of Q2 2024, the price of Sulphuric Acid (IR Grade) FOB Hamburg in Germany settled at USD 75/MT, reflecting a largely positive pricing environment driven by constrained supply and strong demand. This quarter underscored the sensitivities of the Sulphuric Acid market to logistical and economic factors, marking a period of significant price inflation and market tightness.

Get Real Time Prices for Sulphuric Acid: https://www.chemanalyst.com/Pricing-data/sulphuric-acid-70

 

 

 

 

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