Bloomberg cited anonymous sources on April 10, reporting that some Chinese sulfuric acid producers have recently received notifications to cease exporting sulfuric acid.
A major buyer has also learned of this matter from its Chinese supplier. According to the report, since the outbreak of conflict in Iran, sulfuric acid prices have been continuously rising due to the blockade of the Strait of Hormuz, which has disrupted the transportation of sulfur from the Middle East.
Sulfur is a byproduct of refining crude oil and natural gas in the Middle East and serves as the raw material for manufacturing sulfuric acid. Sulfuric acid is essential for certain copper mining operations and phosphate fertilizer production. In the past month, sulfuric acid prices in Chile have risen by 44%. As the world's largest copper producer, about one-fifth of Chile’s copper output relies on sulfuric acid processing, and Chile annually purchases over 1 million tons of sulfuric acid from China.
Original source: toutiao.com/article/1862321545410823/
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