In the last week of June, the sulphuric acid market in Europe and the US showed bullishness. In Europe, the sulphuric acid prices experienced stability at the higher end due to balanced supply and demand, while in the US, the sulphuric acid market witnessed growth amid an increase in demand.
In Europe, the sulphuric acid market is experienced bullishness in its trend. During the week ending on June 27, the sulphuric acid market in Germany showcased stability at the higher end. The stability in the market sentiments of the commodity was reflected by a recent sale to Latin America that aligns with current Northwest European levels. The suppliers, including smelters, were showing little urgency to trade amid the availability of limited prompt cargoes.
Furthermore, in the domestic market, the talks for the third-quarter contracts were ongoing, and suppliers were looking for a modest rise in the prices due to a surge in the prices of high liquid sulphur amid the shortages and refinery outages. However, buyers were showing resistance as the prices of sulphuric acid have been consistently increasing for several months. Most of the deals were anticipated to conclude by the end of June or at the start of July.
Moreover, the absence of the plantation season in the European nations meant that the demand for sulphuric acid remained limited. Therefore, buyers aligned their procurement activities with the current market scenario, providing support to the stable prices of sulphuric acid in Europe.
At the same time, the US sulphuric acid market witnessed a surge in its trend. Sulphuric acid import prices in the U.S. have gone up due to stronger demand along the Atlantic Coast, supported by recent sales to nearby South American countries.
However, even higher prices in South America were making it less profitable for traders to bring spot shipments into regions like the Gulf Coast and Southeast U.S., reducing buying interest. Since imports were more expensive than local supplies, it was less appealing for traders to distribute within the country.
While some buyers are still exploring shipments for the early third quarter, the domestic market is relatively stable, with rising refinery activity helping balance supply and demand. This stability is keeping expectations for future price changes limited, although tensions in the Middle East could still cause market fluctuations in the coming weeks.
As per 果酱视频, the sulphuric acid market is expected to remain firm amid the ongoing tight spot supply at the producing countries; therefore, suppliers are anticipated to maintain their firm prices.
