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Sulphuric Acid
(Asia Pacific)
Editor: Kate Wilcock, kate.wilcock@icis.com
SPOT PRICES
Click for Price History Price Range
98% Sulphuric Acid
FOB CHINA USD/MT n/c 20-25 n/c
CFR S.E. ASIA* USD/MT n/c 20-30 n/c
CFR INDIA* USD/MT n/c 25-35 n/c
*NOTE: The low end of the range reflects indications for Japanese and Korean smelter acid, and the higher end for product of
other origins.
CONTRACT PRICES
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Click for Price History Price Range
98% Sulphuric Acid
CFR N.E. ASIA Q4 USD/MT -5 15-35 n/c
CFR S.E. ASIA Q4 USD/MT n/c 20-45 n/c
NOTE: for full details on the criteria ICIS pricing uses in making these price assessments visit www.icispricing.com and
click on “methodology”.
Overview
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Prices in the Asia-Pacific sulphuric acid market remain stable
this week, although there are signs of some strengthening,
Southeast Asia and India
with a near doubling of sulphur values during the last quarter In the Philippines, PASAR is understood to have had a
and pockets of spot demand. ceremonial start-up over the New Year period as power was
reconnected to the plant. Market participants are divided to an
Between October and December 2013, sulphur values actual start-up date, with expectations spanning from late
increased by $85/tonne on a CFR China basis. January to March. Wider recovery efforts from the typhoon are
ongoing, with the adjacent Philphos fertilizer plant not
There are also signs that supply and demand are more expected on line until March.
balanced, with talk of lower stocks in Japan and South Korea
and demand from the Philippines and Indonesia. Still in the Philippines, there is understood to be spot demand
from the Taganito nickel project, which started commercial
Petrokimia Gresik has announced that its new phosphoric acid production in October 2013, and has an annual consumption of
plant is on track for commercial operation in the second around 800,000 tonnes of sulphuric acid.
quarter this year and will see an extra 200,000 tonnes of
sulphuric acid demand (see News). In Indonesia, Petrokimia Gesik is covered for its requirements
Sa
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Sulphuric Acid (Asia)
Page 2 of 3
In India, FACT will be looking to buy 15,000-25,000 tonnes of Chemical tanker freight rate indications:
sulphur for February delivery, but a tender has yet to be
announced. Despite talk of tight availability, FACT is confident SE Asia to India: $31-35/tonne (based on 10,000-15,000
about securing all the volumes it needed. tonnes)
NE Asia to India: $65-68/tonne (based on 2,000 tonnes)
Diammonium Phosphate (DAP) Singapore to Bangkok/Jakarta/Philippines: $28-38/tonne
(based on 1,000-3,000 tonnes)
Market players in India are still focusing on first-quarter
phosphoric acid negotiations, which are expected to offer a South Korea to China: $19-31/tonne (based on 1,000-10,000
clear indication on DAP and phosphate rock prices. tonnes)
Buyers are in no hurry to make purchases due to high Japan/South Korea/China to Chile: $70-80/tonne (based on
inventories and are expected to come back to the market in the 18,500-22,500 tonnes)
second quarter.
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In China, producers are similarly not rushing to make exports Freight Fixtures
as prices are not at a workable level compared to domestic
prices. Producers are heard to be focusing on the domestic 18,500 tonnes sulphuric acid Japan/Chile 25 December- 5
market which offers better returns and DAP operating rates are January, ‘Maemi II’, RNR, CNR
heard around 60%.
18,500 tonnes sulphuric acid, Japan/Chile, 1-10 January,
Strong demand is heard from Australia and South America and ‘Princes Park’, RNR
with India inactive for the time being, it is expected that
business and prices will pick up in those regions. 30,000 tonnes sulphuric acid Japan/Chile 27-30 December,
‘Chembulk New Orleans’, RNR
News
mp 17,000 tonnes sulphuric acid Stetin (Poland)/ Beaumont (USA)
15-25 December $40/tonne
In Indonesia, PT Petrokimia Gresik (PKG) announced this
week that its new phosphoric acid plant, PT Petro Jordan 20,500 tonnes sulphuric acid Japan/Chile 17-23 December,
Abadi Company, is on track to start commercial operation in ‘Fairchem Kiso’, RNR
the second quarter this year, which will also see sulphuric acid Freight enquiries:
capacity near doubled.
10,000-19,000 tonnes sulphuric acid + phosphoric acid,
The new plant will have the capacity to produce 200,000 Tuticorin/east coast India, early January
tonnes/year of phosphoric acid, and with upgrades to its
current capacity of 200,000 tonnes, total output will be
increased to 600,000 tonnes. Related Markets
Sulphuric acid capacity will be increased by 600,000 tonnes, Prices in markets related 19 Dec 12 Dec
adding to its currently capacity of 570,000 tonnes. A company 9 Jan 2 Jan
to sulphuric acid '13 '13
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In Australia, Energy Resources of Australia (ERA) operator of Nickel, cash buyer LME
13,360 13,900 14,065 14,000
the Ranger uranium mine, which was closed in December ($/tonne)
2013 following a leach tank failure, announced in its fourth-
quarter operations review on 9 January that for the year ended DAP bulk China FOB 400- 400-
390-400 390-400
31 December 2013 production was 2,960 tonnes, down 20% ($/tonne)* 405 405
on 2012 figures.
DAP bulk Pakistan CFR 405- 405-
395-400 395-400
For the December 2013 quarter, production was 503 tonnes, ($/tonne)* 410 410
17% lower than the previous quarter and 59% lower than the
corresponding quarter in 2012. Clean-up and recovery activity Sulphur China CFR 165- 150-
135-150 130-148
following the leach tank failure are continuing, with processing ($/tonne)* 175 165
operations suspended pending an investigation and regulatory
approval.
*Source: ICIS/The Market Weekly Fertilizers Report
Freight Indications ($1 = CNY6.06)
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Sulphuric Acid (Asia)
Page 3 of 3
($1 = Rs62.03)
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