On December 17th, Shandong Shenchi Chemical Co., Ltd. reduced its sulfuric acid price by 10 RMB/ton, with the factory price of 98% acid at 923 RMB/ton and a daily production of about 40 tons. PriceSeek assessed the sulfuric acid, giving it a short-term bullish rating of -1. The news reported that Shandong Shenchi Chemical Co., Ltd. has lowered its sulfuric acid price by 10 RMB/ton to 923 RMB/ton, with a daily production of about 40 tons. This price reduction indicates that local market supply is sufficient or demand is weak, generally negatively affecting the spot price of sulfuric acid and potentially leading other producers to adjust prices, suppressing short-term spot price trends.
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