"Unexpectedly, the previously worthless sulfuric acid has now become a baby!" A senior investor told reporters.
The reporter learned that since last year, the price of sulfuric acid has been running at a high level for more than a year, and recently it has risen sharply by more than 60%, which has exceeded many people's expectations. This also makes Tangshan Sanyou Chemical Industries Co.Ltd(600409) , Yunnan Copper Co.Ltd(000878) and other companies with sulfuric acid products "secretly happy".
1 month rise of more than 60%
increased by more than 160% over the same period last year
According to the data, since March, the price of China's sulfuric acid, which was already at a high level, has risen sharply. The quotation increased from 781.67 yuan / ton at the beginning of March to 111667 yuan / ton at the end of March, an increase of 335 yuan / ton, an increase of 167.47% over the same period last year.
Baichuan Yingfu report also showed that as of March 31, the average market price of 98% acid was 925 yuan / ton, an increase of 7.2% over last week, 68.2% over the previous month and 78.4% over the beginning of the year.
"China's sulfuric acid market is doing well and showing an upward trend. The price of sulfuric acid in most parts of the national market has increased by 20-180 yuan / ton." Baichuan Yingfu sulfuric acid industry analyst he Yuwei told reporters that there are many reasons for the rise in sulfuric acid prices.
First, because the price of sulfur in Chinese refineries has increased, it has a pulling effect on the sulfuric acid Market; Second, the market expects that major factories will successively carry out planned maintenance from April to may, such as mainstream acid enterprises in Anhui, Hubei, Henan and Chifeng, Inner Mongolia. There is obvious positive support at the supply end of the sulfuric acid market.
In addition, from the perspective of demand, "there is basically no inventory in the downstream monoammonium phosphate Market, and there is no pressure for enterprises to ship. The overall situation is in short supply, which is good for the demand of sulfuric acid market. With the further approaching of the peak season of fertilizer use, the procurement enthusiasm continues to rise, which is good for the demand of sulfuric acid market." He Yuwei told reporters that the demand for sulfuric acid in the foreign market this year is also very strong.
According to the data, China exported 2.84 million tons of sulfuric acid last year, while 800000 tons were exported from January to February this year. If calculated according to this, it is expected that the export volume of sulfuric acid this year will double that of last year.
continued high price for more than a year
related companies "steal music"
"When the sulfuric acid market is poor, the price per ton is even only more than 100 yuan. Some companies are begging others." A person from a well-known resource investment company in China told reporters that since last year, the price of sulfuric acid has been rising all the way. According to the data of business agency, the price of sulfuric acid increased by 49.13% in 2021.
In fact, the reporter learned that the high price of sulfuric acid is not a short-term phenomenon. It has lasted for more than a year, which has exceeded many people's expectations, and has also made Guangxi Yuegui Guangye Holdings Co.Ltd(000833) , Tangshan Sanyou Chemical Industries Co.Ltd(600409) , Yunnan Copper Co.Ltd(000878) and other relevant companies with sulfuric acid products full of gains.
Yesterday, Yunnan Copper Co.Ltd(000878) released the latest performance forecast, which shows that the net profit in the first quarter is expected to be 340430 million yuan, with a year-on-year increase of 138.00% - 200.00%. The company said that the net profit increased significantly compared with the previous period, mainly due to the year-on-year rise in the prices of sulfuric acid and other products during the reporting period.
Similarly, recently Tongling Nonferrous Metals Group Co.Ltd(000630) said on the interactive platform that the company produced 4.8681 million tons of sulfuric acid in 2021. At present, the downstream demand of the company's sulfuric acid products is strong and the shipment is smooth. A large price adjustment was ushered in in March. By the end of March, the sales price of the company's sulfuric acid products was about 980 yuan / ton.
Chinese market supply guaranteed
need to optimize long-term layout
"The high-level operation of the sulfuric acid market last year exceeded expectations, and the sharp rise since March this year exceeded expectations again. We believe that under the influence of the above factors, the sulfuric acid price will operate stably at a high level in the short term." He Yuwei told reporters that phosphate fertilizer accounts for the largest proportion in the downstream demand of sulfuric acid. It is expected that the price of sulfuric acid in China may fall after the peak of fertilizer consumption.
"The current sharp rise in the price of sulfuric acid is due to both imported inflation and the uncoordinated and insufficient structural contradictions between industries caused by the rapid development of upstream and downstream industries for decades." Duan Shaofu, Secretary General of copper branch of China Nonferrous Metals Industry Association, previously analyzed that China's sulfuric acid supply is expected to continue to increase, which is conducive to the stability of China's market.
It is estimated that from 2021 to 2022, China's copper smelting (mineral) capacity will increase by about 980000 tons, zinc smelting (mineral) capacity will increase by about 200000 tons, and it is estimated that about 3.5-4 million tons of sulfuric acid capacity can be added.
"In the long run, further global restrictions on the use of phosphorus and compound fertilizer (chemical fertilizer) will inevitably lead to the shrinkage of China's main acid industry, thus directly reducing demand." Duan Shaofu suggested that the upstream and downstream industries in China should be coordinated in their development, and that the upstream and downstream industries should be coordinated and coordinated in their development.
