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In 2021, the sulphuric acid industry will be reborn and the market will continue to improve, ushering in a good development situation that has been rare in ten years
Regarding the good situation in the first three quarters of the industry, Lu Qingsheng analyzed that, first, the company's efficiency has been significantly improved, laying a financial foundation for the transformation and upgrading of development; second, the suppression of the excessive growth of sulfuric acid production capacity has achieved initial results, and there are few large-scale operations throughout the year.
Lu Qingsheng said that the just-concluded Central Economic Work Conference pointed out that China’s economic development must be faced with the triple pressure of demand contraction, supply shock, and expected weakening.
Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center of the State Council, said that China’s economy is recovering in an all-round way.
Li Chong, secretary general of the Sulfuric Acid Association, said that the next step the association will strengthen the monitoring and guidance of the industry’s economic operation, guide the industry to optimize product structure, pay attention to high-purity, high-value-added products, develop fine sulfates and organic sulfonated products, and continuously improve products.
