January 27th News
On January 27th, Jiangsu SOPO Group announced an increase in sulfuric acid prices, with plans to raise them by 50 yuan per ton tomorrow. The quoted price for 98% acid is 1,230 yuan per ton, and actual transaction prices are negotiable.
Chempricehub Analysis of Sulfuric Acid, Bull-Bear Score: 1
Jiangsu SOPO Group plans to raise sulfuric acid prices by 50 yuan per ton, with the quoted price for 98% acid reaching 1,230 yuan per ton. This indicates the company's expectation of tighter supply or stronger demand, which is favorable for the spot market. This move may drive short-term price increases in regional spot markets. The negotiability of actual transactions reflects market flexibility, but the overall trend leans toward positivity.