December 29th News
On December 29th, Shandong Jincheng Chemical Group Co., Ltd. reduced the price of sulfuric acid by 30 yuan per ton, with 98% sulfuric acid priced at 870 yuan per ton. The annual production capacity of 250,000 tons is operating normally.
Chempricehub Analysis of Sulfuric Acid, Bull-Bear Score: -1
Shandong Jincheng Chemical Group lowered the sulfuric acid price by 30 yuan per ton to 870 yuan per ton, with its 250,000-ton annual capacity operating normally. This indicates ample market supply or weak demand, exerting downward pressure on spot prices. The price decline reflects a loose supply-demand balance, and it is expected that spot prices may continue to face downward pressure in the short term.