On January 8th, Shandong Kenli Group Petrochemical Co., Ltd. raised the price of sulfuric acid by 40 yuan per ton, with the 93% acid quoted at 780 yuan per ton. PriceSeek's analysis of sulfuric acid indicates a bullish-bearish score of 1. Shandong Kenli Group's price increase of 40 yuan per ton to 780 yuan per ton suggests tight supply or increased demand in the spot market, which is favorable for spot prices. This price adjustment may prompt other suppliers to follow suit with price hikes, supporting an overall upward trend in the market.