December 30th News: On December 30th, Hebei Xinhai Chemical Group Co., Ltd. reduced the price of sulfuric acid by 40 yuan/ton, with 98% sulfuric acid quoted at 880 yuan/ton and a daily production of approximately 420 tons. Chempricehub's analysis of sulfuric acid indicates a bearish score of -1. The price reduction of 40 yuan/ton by Hebei Xinhai Chemical Group to 880 yuan/ton, coupled with a daily production of 420 tons, suggests ample supply or weakened demand, leading to increased bearish sentiment in the spot market. The significant price drop is expected to put downward pressure on sulfuric acid spot prices in the short term, with bearish factors dominating the market.