January 04 News
On January 4, Shandong Jincheng Chemical Group Co., Ltd. adjusted its sulfuric acid price downward by 20 yuan/ton, with 98% sulfuric acid priced at 780 yuan/ton. The 250,000-ton/year production unit is currently shut down for maintenance.
Chempricehub Analysis of Sulfuric Acid
Bull-Bear Score: -1
This news reports a 20 yuan/ton decrease in sulfuric acid prices to 780 yuan/ton, along with the shutdown of a 250,000-ton/year production unit for maintenance. The price reduction directly reflects weak spot market demand or oversupply. Although the unit shutdown reduces supply, its impact is insufficient to offset the pressure from inadequate demand. It is expected that spot sulfuric acid prices will face downward pressure in the short term, negatively impacting market sentiment.