February 25th News
On February 25th, Shandong Yanggu Xiangguang Copper Industry raised its sulfuric acid prices. The quoted price for 93% sulfuric acid is 1,240 yuan per ton, while 98% sulfuric acid is quoted at 1,250 yuan per ton.
Chempricehub Analysis of Sulfuric Acid
Bull-Bear Score: +1
The article reports that Shandong Yanggu Xiangguang Copper Industry has increased its spot sulfuric acid prices, with the quoted prices for 93% and 98% sulfuric acid adjusted to 1,240 yuan per ton and 1,250 yuan per ton, respectively. This indicates that the company’s supply-side prices are bullish, likely driven by increased demand or rising costs. This move is favorable for the spot sulfuric acid market, boosting bullish sentiment and driving spot prices upward. The bull-bear score is +1.0 (moderately positive), as the price increase directly reflects tight supply in the spot market. However, subsequent supply-demand changes should be monitored to confirm the sustainability of this trend.