January 6th News
On January 6th, Qicheng Holding Group Co., Ltd. raised the price of sulfuric acid by 30 yuan/ton, with 98% sulfuric acid priced at 790 yuan/ton. The sulfuric acid plant has an annual designed capacity of 200,000 tons.
Chempricehub Analysis of Sulfuric Acid, Bull-Bear Score: +1
Qicheng Holding Group Co., Ltd. raised the price of sulfuric acid by 30 yuan/ton to 790 yuan/ton, indicating tight supply or stronger demand, which directly benefits the spot market. Although the company's annual capacity of 200,000 tons is relatively small, the price increase may prompt other suppliers to follow suit, driving up overall spot prices. Score: +1 (moderately bullish) due to the significant price hike, though it does not represent a major industry shift.