Sulphuric Acid Price In USA
- United States: 59/MT
The sulphuric acid prices in the United States for Q4 2023 reached 59 USD/MT in December.
The latest report by IMARC Group, titled " Sulphuric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sulphuric Acid Prices. This report delves into globally, presenting a detailed analysis, along with informative Sulphuric Acid Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Sulphuric Acid Price Analysis:
- USA: 59 USD/MT
- Japan: 29 USD/MT
- Belgium: 54 USD/MT
- Saudi Arabia: 55 USD/MT
Report Offering:
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The study delves into the factors affecting sulphuric acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities
Request For a Sample Copy of the Report: https:/www.imarcgroup.com/sulphuric-acid-pricing-report/requestsample
Sulphuric Acid Price Trend - Last Quarter
The extensive utilization of sulphuric acid in the production of phosphate fertilizers, which is crucial for agricultural industries, is one of the major factors boosting the market growth. Moreover, the increasing demand for fertilizers to boost crop yield is a major factor driving the market growth. Additionally, the rising need for sulphuric acid in various industrial processes, such as metal processing, chemical manufacturing, and petroleum refining, is acting as a growth-inducing factor. Besides this, the imposition of environmental regulations related to the use of sulphuric acid in cleaner industrial processes are positively influencing the market growth. Furthermore, the expansion of the mining industry, that use sulphuric acid in metal leaching, is contributing to the market growth. Moreover, the growing technological advancements in production processes that make it more efficient and cost-effective to produce sulphuric acid are boosting the market growth.
Sulphuric Acid Industry Analysis
In the United States, sulphuric acid prices declined due to weak demand from the downstream agrochemical sector and reduced utilization of existing inventories. The market was further affected by a downturn in the upstream sulphur market, which kept operational costs low but led to bearish market sentiment. The combination of these factors led to reduced sulphuric acid prices during the quarter.
Japan saw a bearish trend in sulphuric acid prices, driven by a sluggish downstream agrochemical industry and low consumption rates. With existing inventories being sufficient to meet the limited demand, producers reduced production rates to avoid stockpiling. The decline in market activities, combined with reduced restocking requirements, contributed to falling prices in Japan.
In Belgium, prices dropped due to a slowdown in the agrochemical sector and abundant inventory levels. Additionally, ongoing farmer protests in Europe, coupled with higher transportation and energy costs, contributed to lower prices. The situation was exacerbated by disruptions in the supply chain, making the quarter challenging for the sulphuric acid market.
Saudi Arabia experienced a bearish trend due to oversupply and weak demand from the agrochemical industry. However, by the end of the quarter, prices began to rise as production rates increased to meet growing demand. Disruptions in the Red Sea and rising energy costs due to increased crude oil prices further influenced market dynamics, leading to fluctuating prices
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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