|2020-01-14 来源： 中国石化新闻网|
中国石化新闻网讯 据ICIS网站1月10日伦敦报道 随着欧洲大部分地区的节日假期接近尾声，全球硫酸交易前景黯淡。
王磊 摘译自 ICIS
Sulphuric acid market begins 2020 on bearish note
As festive holidays come to a close for much of Europe, players return to their desks amid a bearish outlook for global sulphuric acid trading.
European demand is steady, if lighter than average for the time of year, while players across the globe are wrestling with increased freight rates stemming from emergent IMO 2020 emissions legislation.
In northwest Europe, first quarter (Q1) contracts have been agreed at rollovers to limited increases of €1-2/tonne on Q4 2019’s €77-98/tonne CFR (cost & freight) price point.
Negotiations continue for first-half 2020 contracts, although rollovers have been heard on scattered accounts.
One large-volume buyer expressed dissatisfaction with the Q1 rollover, saying European producers' grip on downstream acid supply is due an overhaul, and ruling it “almost extortion”.
Around 90% of European sulphuric acid business is concluded on contract.
The buyer said a more accurate price for European acid would be around €45-50/tonne FCA (free carrier) northwest Europe (NWE).
Imports from Asia may be one way of “shaking-up the system”, the buyer said.
Several producers dismissed the claim, adding that European demand is stable and rollovers were readily accepted by most buyers.
A trader added that, while imports from Asia into Europe are certainly possible, any such trade route would require buyers to pay a price of $100/tonne CFR as a minimum.
Added to this is the difficulty of acquiring tank space and road transport in an established market, or the cost involved in building new infrastructure.
“Nobody is willing to pay for that,” the trader said.
“I agree [with the buyer], but what can we do?” added a source at a rival company.