January 5th News
On January 5th, Qicheng Holding Group Co., Ltd. raised the price of sulfuric acid by 10 yuan per ton, with 98% acid priced at 760 yuan per ton. The sulfuric acid plant has an annual designed capacity of 200,000 tons.
Chempricehub Analysis of Sulfuric Acid
Bull-Bear Score: 1
The spot price of sulfuric acid increased by 10 yuan per ton to 760 yuan per ton, indicating a potential tightening of market supply or strengthening demand, which is favorable for spot prices. With the company's annual production capacity of 200,000 tons, this price adjustment reflects a tightening trend in industry supply and demand, potentially prompting other producers to follow suit with price increases and bolstering market bullish sentiment.