On January 4, Shandong Shangneng Industrial Co., Ltd. reduced the price of sulfuric acid to 760 yuan/ton. The designed production capacity is 40,000 tons/year, with a daily output of 110 tons.
PriceSeek Analysis of Sulfuric Acid, Bull-Bear Score: -1
Shandong Shangneng Industrial has lowered the sulfuric acid price to 760 yuan/ton. With a designed production capacity of 40,000 tons/year and a daily output of 110 tons, the capacity utilization rate is relatively high (approximately 91%), indicating ample supply or weak demand. This may trigger bearish sentiment in the market, exerting a generally negative impact on the spot price of sulfuric acid. If demand remains sluggish, prices may face further downward pressure.