Sulfuric Acid Spot Price Rises on Tight Supply
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Sulfuric acid (or sulphuric acid, if you’re a Brit) may not be grabbing headlines, but as the spot price of this industrial chemical surges, some interesting investment plays open up.
Sulfuric acid is used in mining to extract copper, nickel and uranium. It is also used in steel manufacturing, fertilizer production and oil refining.
“What’s really kicked off demand for this chemical, however,” according to Chris Mayer in The Daily Reckoning, “is the surge in ethanol production — a double whammy for sulfuric acid. First, all that corn needs fertilizers. And second, the ethanol facilities themselves also use sulfuric acid in their own processing. A typical ethanol facility requires 2,000-4,000 tons of sulfuric acid per year.”
Chris says, “Sulfuric acid spot prices in March hit a record high of $329/ton, according to Purchasingdata.com, after trading at $90/ton as recently as October..”
Read on to find the only “pure play” on sulphuric acid spot prices — a little-known company that’s one of the world’s largest suppliers of sulfuric acid.