March 4th news: On March 4th, Shandong Guoda Gold Sulfuric Acid announced the latest price increase. The ex-factory prices for 93% sulfuric acid and 98% sulfuric acid, including taxes, are both 1,130 yuan per ton, while the ex-factory price for 105% fuming sulfuric acid, including taxes, is 1,150 yuan per ton. Currently, the manufacturer's facilities are operating normally, and the supply of goods remains stable. Orders are primarily accepted from nearby and downstream customers with rigid demand, and actual transaction prices are negotiable.
Chempricehub analysis of sulfuric acid, long-short score: 1
Sulfuric acid ex-factory prices have been comprehensively raised, with quotations for 93%, 98% sulfuric acid, and 105% fuming sulfuric acid increased to 1,130 yuan per ton and 1,150 yuan per ton, respectively, reflecting robust market demand. Downstream customers with rigid demand are actively placing orders, and the normal operation of facilities coupled with stable supply supports the strengthening of spot prices. The price increase indicates an improvement in producers' bargaining power, likely driven by cost factors or regional demand growth, which is favorable for the spot market.
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