Core Viewpoint - The domestic sulfuric acid market remains at a high level, with prices supported by high raw material costs and tight supply conditions [1][3]. Price Summary - In Gansu, the ex-factory price for 98% smelting acid is between 740-820 RMB/ton - In Sichuan, the delivered price for 98% smelting acid ranges from 850-980 RMB/ton - In Guizhou, the delivered price for 98% smelting acid is between 900-1000 RMB/ton - The prices for various regions of sulfuric acid remain stable, with no significant changes reported [2]. Market Dynamics - The supply of sulfuric acid is tight due to low operating rates in the market and high raw material costs - Downstream demand from the phosphate fertilizer and chemical industries remains stable, although there is some resistance to high prices [1][3]. - The overall market is in a state of tight balance, with prices expected to continue at high levels [1]. Future Outlook - The domestic sulfuric acid market is expected to continue its upward trend due to high prices of raw materials like sulfur and iron sulfide - Some factories are undergoing maintenance or recovery plans, leading to limited changes in overall supply in the short term - The phosphate fertilizer market is seeing an increase in operating rates due to policy impacts, providing some support for high sulfuric acid prices - However, demand from the chemical industry remains weak, and a decline in operating rates is anticipated, which may weaken the market's acceptance of high prices [3].

Core Insights - The domestic sulfuric acid market is experiencing a continuous upward trend in prices, with many regions seeing prices exceed 1000 yuan/ton [1] - The price of 98% smelting acid in Shandong is currently between 530-1020 yuan/ton, while 98% sulfuric acid is priced at 930-940 yuan/ton [1] - High prices of domestic and imported sulfur are leading to reluctance among companies to sell, contributing to elevated sulfuric acid prices [1] Price Trends - On November 24, the price range for 98% sulfuric acid in Shandong was 1010-1060 yuan/ton, which increased to 1080-1210 yuan/ton on November 25, reflecting a rise of 70-150 yuan [2] - The price of 98% smelting acid in Shandong increased from 530-980 yuan/ton to 530-1020 yuan/ton, showing a rise of 0-40 yuan [2] - The sulfuric acid market price index on November 25 was 871.00, up by 23.67, representing a 2.79% increase from the previous day [3] Market Outlook - The domestic sulfuric acid market is expected to continue its high price trend due to high raw material costs and limited supply from maintenance or recovery plans in some regions [5] - Increased operating rates in the downstream phosphate fertilizer market, influenced by policy changes, provide some support for high sulfuric acid prices [5] - Despite this, the chemical industry demand remains sluggish, and a decline in operating rates is anticipated, which may weaken companies' price acceptance over time [5]