MERCURY(II) SULFATE

Mercury(II) Sulfate Market Intelligence Report (June 17, 2026)

I. Price Dynamics
1. Quotation from Qingdao Yijinrong Biotechnology Co., Ltd.
– Quotation dated June 15, 2026: Analytical reagent-grade mercury(II) sulfate (250 g/bottle, brand: Xilong or Guoyao) at an inclusive-tax price of RMB 520 per bottle; delivery location: Jinan City, Shandong Province; quotation validity: 3 days.
– Historical price stability: From May 20 to June 15, 2026, the company’s quotation remained unchanged at RMB 520 per bottle, with no fluctuations observed.

2. Quotation from Wuhan Canos Brand (Hubei Province)
– Mercury(II) sulfate (CAS No. 7783-35-9, purity ≥99%) priced on a tiered basis according to minimum order quantity:
≥1 kg: RMB 15/kg
≥10 kg: RMB 14/kg
≥100 kg: RMB 13/kg
– Total available supply: 99,999 kg; shipping origin: Wuhan City, Hubei Province; brand: Canos.

II. Supply-Demand Analysis
1. Supply Side
– Qingdao Yijinrong: Focuses primarily on reagent-grade mercury(II) sulfate, packaged in small units (250 g/bottle), serving laboratories and small-scale industrial users; supply is highly stable.
– Hubei Canos: Supplies bulk industrial-grade mercury(II) sulfate, with volume-based pricing discounts, catering to large chemical enterprises or catalyst manufacturers.
– Regional differentiation: Shandong Province emphasizes reagent-grade supply, whereas Hubei Province focuses on large-volume industrial transactions—forming a complementary market structure.

2. Demand Side
– Primary Applications:
Catalyst: Core catalyst in acetylene-to-acetaldehyde conversion; demand closely correlates with overall chemical industry operating rates.
Battery electrolytes: Used in specific battery types; demand subject to fluctuations in the new energy industry chain.
Analytical reagents: Employed in laboratory Chemical Oxygen Demand (COD) testing to eliminate chloride ion interference; demand is relatively inelastic but modest in scale.
– Demand Diversification:
Reagent-grade demand: Driven by R&D investment and environmental monitoring regulatory policies; exhibits low short-term volatility.
Industrial-grade demand: Highly sensitive to general chemical industry health; in June 2026, the sulfuric acid market experienced elevated raw material (sulfur) prices, contributing to reduced operating rates for certain downstream chemicals (e.g., titanium dioxide, caprolactam), potentially dampening industrial-grade mercury(II) sulfate demand.

III. Cost and Profitability Analysis
1. Raw Material Costs
– Production of mercury(II) sulfate relies primarily on sulfuric acid and mercury compounds. In June 2026, sulfuric acid prices exhibited regional divergence:
Jiangsu Province: RMB 2,300–2,500/ton for 98% sulfuric acid (sulfur-based);
Hebei Province: RMB 1,910–2,380/ton;
Henan Province (smelter acid): RMB 1,550–1,600/ton.
– Sulfur prices have surpassed RMB 10,000/ton, with port inventories at historically low levels, driving up sulfuric acid production costs and exerting upward pressure on mercury(II) sulfate pricing.
– Mercury compound prices remain relatively stable amid recent international non-ferrous metal market fluctuations.

2. Profit Margins
– Reagent-grade mercury(II) sulfate (Qingdao Yijinrong): Priced at RMB 520/bottle (≈RMB 2,080/kg), significantly exceeding industrial-grade pricing (RMB 13–15/kg), attributable to packaging, high-purity specifications, and brand premium—resulting in comparatively high profit margins.
– Industrial-grade mercury(II) sulfate (Hubei Canos): At RMB 13/kg, assuming raw material costs account for ~60% of total cost, gross margin approximates 40%; however, further increases in sulfuric acid prices pose an identifiable risk to profitability.

IV. Market Outlook
1. Short-Term Trends (1–3 months)
– Price Stability: Reagent-grade mercury(II) sulfate is expected to maintain its current price of RMB 520/bottle due to inelastic demand and concentrated supply; industrial-grade pricing—supported by sulfuric acid costs—is likely to adjust slightly based on order volume but remains broadly stable.
– Demand Divergence: Softness in the chemical industry may constrain growth in industrial-grade demand, while demand from environmental testing and scientific research remains steady.

2. Medium- to Long-Term Risks
– Raw Material Risk: Prolonged high sulfur prices may force sulfuric acid producers to curtail output, further elevating mercury(II) sulfate production costs.
– Regulatory Risk: Increasing environmental restrictions on mercury-containing compounds could dampen long-term demand; close attention should be paid to enforcement intensity of international agreements such as the Minamata Convention on Mercury.
– Substitution Risk: Breakthroughs in mercury-free catalyst technologies for acetylene-to-acetaldehyde conversion could significantly erode mercury(II) sulfate demand.

V. Key Data Summary
| Indicator | Value / Description |
|--------------------------------|-------------------------------------------------------------|
| Reagent-grade quotation (Qingdao) | RMB 520/bottle (250 g, valid for 3 days) |
| Industrial-grade quotation (Hubei) | RMB 13–15/kg (tiered pricing) |
| Sulfuric acid price (Jiangsu) | RMB 2,300–2,500/ton (98% sulfur-based acid) |
| Sulfur price | Exceeds RMB 10,000/ton; port inventories at low levels |
| Primary end-use sectors | Catalysts, battery electrolytes, analytical reagents |