December 29th News
On December 29th, Wudi Xinyue Ranhua Co., Ltd. adjusted the price of sulfuric acid, with a reduction of 863 yuan per ton for 98% acid. The facility, with a designed capacity of 150,000 tons, is operating normally. Chempricehub's analysis of sulfuric acid indicates a bearish score of -2. This significant price reduction of 863 yuan per ton reflects oversupply or weak demand in the market. With Wudi Xinyue Ranhua Co., Ltd.'s normal production at its designed capacity of 150,000 tons, market supply pressure has further intensified. It is expected that spot prices for sulfuric acid will continue to decline, exerting a significant bearish impact on the spot market.