March 25th News
On March 25th, Shandong New Home Fine Chemicals raised the price of 98% sulfuric acid by 300 yuan/ton compared to the beginning of the month, setting it at 1,650 yuan/ton. The plant has an annual production capacity of 130,000 tons. Based on 300 operating days per year, the daily output is approximately 300 tons.

Chempricehub Analysis of Sulfuric Acid, Bull-Bear Score: 2
Shandong New Home Fine Chemicals increased the price of 98% sulfuric acid by 300 yuan/ton to 1,650 yuan/ton, reflecting tight supply or increased demand in the spot market, which constitutes a significant positive for producers. With an annual production capacity of 130,000 tons and a daily output of 300 tons, the price hike will directly enhance the company’s revenue and profit margins. Considering current market dynamics, this price adjustment may drive an overall upward trend in regional spot prices, benefiting sulfuric acid producers.