March 26th Update
On March 26th, Zhejiang Jiahua Group raised its sulfuric acid price by 150 yuan/ton, with the 98% acid quoted at 1,800 yuan/ton. Chempricehub’s analysis of sulfuric acid: Bullish-Bearish Score: +1.
Zhejiang Jiahua Group increased its sulfuric acid price by 150 yuan/ton on March 26th, with the 98% acid quoted at 1,800 yuan/ton. This price hike directly reflects the tight supply-demand balance in the sulfuric acid spot market, likely driven by rising raw material costs or stronger downstream demand, which is favorable for sulfuric acid spot prices.
Scoring rationale: Although a single company’s price adjustment is not a market-wide event, the significant magnitude (150 yuan/ton) indicates short-term bullish market expectations, aligning with the general favorable +1 score.