Blog > Gold and Resources > Commodities Trading: Sulfuric acid makes the world go round
Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

Commodities Trading: Sulfuric acid makes the world go round

Today's Financial News - Posted April 25, 2008

“Sulfuric acid prices in March hit a record high of $329/ton, according to Purchasingdata.com, after trading at $90/ton as recently as October.” — Chris Mayer

by Chris Mayer

Baltimore – (TFN): Interesting how certain investment threads come together…

I read recently that copper producers are complaining about the skyrocketing costs of sulfuric acid. A few days later, I read about Mosaic, a fertilizer company — about how the rising cost of sulfuric acid could impact its profit margins. Then last week, I came across a piece about how the cost of treating water is “going through the roof.” The main culprit is, once again, the rising price of sulfuric acid.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Receive a FREE subscription to Penny Sleuth today!

Penny Sleuth is your smartest, most lucrative small-cap resource. We cover small-caps the way CNBC covers boring blue chips — with enough energy and intensity to light up a major city. But we also mix in quality research and insight.

Sign up today and receive immediate access to our special report: Three Underground Penny Stocks Poised to Soar up to 300%.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

One water utility rep said: “As sulfuric acid prices increase, so do the products that contain this ingredient… The U.S. has imported the majority of sulfuric acid from China in the past, but recently, China has slowed the trade of sulfuric acid to the U.S., because its own demand is greater than what China can produce for both the U.S. and itself.” In short, demand is swamping supply. Sulfuric acid prices in March hit a record high of $329/ton, according to Purchasingdata.com, after trading at $90/ton as recently as October.

Commodities Trading: Sulfuric acid shortages

Sulfuric acid shortages? Hmmm… Well, it’s time to take a look at this, I suppose. Read on to learn more.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email.


Next Article: Investment Strategies: Do you need a money manager?

Related Articles

Posted by TFN-Gold · Filed Under Gold and Resources 

Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

 Add to Technorati Favorites | Follow Us on Twitter!

Be the first to leave a reply.

Your comments are welcome