Price trend

According to the monitoring of SunSirs, the average price of nitric acid was 2,516 RMB/ton on January 9 and 2,516 RMB/ton on January 13. The price was stable.

Analysis review

Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On January 13, the ex-factory price of 98 concentrated nitric acid was 2,550 RMB/ton. Downstream delivery slowed down and the delivery was mainly for orders. Shaanxi Xinghua Chemical Co., Ltd. has an annual capacity of 100,000 tons of nitric acid, and the quotation for concentrated nitric acid was 2,150 RMB/ton. The delivery of nitric acid was slow, focusing on the transaction in the downstream market.

During 1.09-1.13, upstream liquid ammonia fell 5.98%. Downstream aniline rose 2.44%, TDI price rose 0.70%, potassium nitrate price fell 0.21%, and ammonium nitrate price was stable. The upstream liquid ammonia price fell, the downstream TDI and ammonium nitrate prices rose, and the nitric acid price temporarily stabilized.

Market outlook

As the Spring Festival approaches, logistics has been suspended in succession, and some manufacturers have stopped quoting. The nitric acid analysts of SunSirs predict that the price of nitric acid may be mainly volatile and weak.

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