Sulphuric Acid showed recovery in the latter half of Jan ****, with the prices turned higher at the end, up by *.*** from the middle of the month. The market then traded sideways for a while,鈥俛s calm and smooth operation prevailed along the whole industrial chain. Still, this short consolidation was in stark contrast to the much wider **-week rally, which was underpinned by an ascending moving average climbing month-end.
Momentum built into late January, as Sulphuric Acid sellers raised FOB offers with no relief on the supply side or softening on the demand side. There were no significant changes in stocks, availability of raw materials, freight charges鈥俹r smelter production rates, supporting the strength in the market. With none of the monitored supply and demand indicators flashing weakness, exporters鈥俧ollowed suit and increased prices, furthering the current uptrend.
Some regional markets...
Leave a Comment
Comments (0)