January 7th News
On January 7th, Dongying Qirun Chemical Co., Ltd. raised the price of sulfuric acid by 10 yuan per ton, with 98% acid priced at 810 yuan per ton. The company's sulfuric acid production facility, with an annual capacity of 80,000 tons, is operating normally.
Chempricehub Analysis on Sulfuric Acid
Bull-Bear Score: +1
The article reports that Dongying Qirun Chemical Co., Ltd. has increased the price of sulfuric acid by 10 yuan per ton, with 98% acid currently priced at 810 yuan per ton. This indicates either stronger market demand or increased cost pressures, which is favorable for spot prices. With the company's annual production capacity of 80,000 tons and normal facility operations ensuring stable supply, the potential for price increases may be limited. Therefore, this is rated as a moderate positive (+1). This price adjustment may drive short-term increases in the overall spot price of sulfuric acid in the market, but attention should be paid to the sustainability of downstream demand.