On April 23 — On April 23, Shandong Jincheng Chemical Group Co., Ltd. released an update on sulfuric acid prices. 98% sulfuric acid is priced at 1,510 yuan per ton. The company’s 250,000-ton-per-annum sulfuric acid unit is currently undergoing scheduled maintenance and has been taken offline.

Chempricehub evaluates the sulfuric acid market with a bullish-bearish score of 1.5. The article reports that the shutdown of Shandong Jincheng Chemical’s sulfuric acid unit for maintenance — with an annual capacity of 250,000 tons — will lead to reduced supply, exerting a bullish influence on spot sulfuric acid prices. In the short term, tightened supply is expected to support price increases. However, attention should be paid to changes in market demand. Overall, bullish factors remain dominant.