December 30th News
On December 30th, Shandong Dongying United Petrochemical lowered the sulfuric acid price by 10 yuan/ton, with a starting bid of 785 yuan/ton. The plant has a designed capacity of 150,000 tons and a daily production of 500 tons.
Chempricehub Analysis of Sulfuric Acid, Bull-Bear Score: -1
Shandong Dongying United Petrochemical reduced the sulfuric acid price by 10 yuan/ton to a starting bid of 785 yuan/ton, reflecting ample market supply or weak demand, which exerts bearish pressure on the spot price of sulfuric acid. The plant's designed capacity of 150,000 tons and daily production of 500 tons indicate stable supply, and the price reduction may further lower expectations in the spot market. Therefore, a general bearish score of -1 is assigned.