December 26th News
On December 26th, Yunnan Mengzi Mining and Metallurgy adjusted the ex-factory price of 98% sulfuric acid downward to 770 yuan/ton. The current daily production is approximately 450 tons, with an annual capacity of 175,000 tons for the smelting acid plant.
Chempricehub Analysis of Sulfuric Acid
Bull-Bear Score: -1
Yunnan Mengzi Mining and Metallurgy's reduction of the ex-factory price for 98% sulfuric acid to 770 yuan/ton indicates increased supply pressure in the spot market. With a current daily production of around 450 tons and an annual capacity of 175,000 tons, the supply-demand relationship remains loose, directly suppressing the upward movement of spot prices. The price reduction reflects the company's proactive strategy to reduce inventory through price cuts, which may trigger price declines in other regions, constituting a generally bearish impact.
It is advisable to monitor changes in demand from downstream industries such as fertilizers and chemicals. If demand remains weak, prices may face further downward pressure.