Price trend

According to the data of SunSirs, the average price of nitric acid in East China this week is 1600 RMB/ton, and the price is stable temporarily.

Analysis review        

Product: The price of concentrated nitric acid is stable temporarily, that of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1,500 RMB/ton, the price is stable; that of Anhui Jinhe is 1,500 RMB/ton, the price is stable; that of Shandong helitai concentrated nitric acid is 1,800 RMB/ton, the price is stable temporarily. Wenshui Synthetic Chemical Co., Ltd. offered 1,650 RMB/ton, down 100 RMB/ton compared with the last time; Huainan Audley chemical concentrated nitric acid offered 1,600 RMB/ton, up 20 RMB/ton compared with last week; Local supplies are tight, and individual companies have increased their prices for nitric acid. Most companies wait and see, and their quotations are firm.

Industrial chain: The upstream raw material of nitric acid is liquid ammonia. The domestic liquid ammonia market has stabilized, and some regions have declined slightly. Downstream aniline, according to data from SunSirs, this week, the price of aniline in Shandong and Nanjing fell down. The aniline market price in Shandong this week was 6,450 RMB/ton, down 3.01% from 6,650 RMB/ton last Friday. The aniline market price in Nanjing was 6,750 RMB/ton, down 4.93% from 7,100 RMB/ton last Friday.

Market outlook

To sum up, the nitric acid analysts of SunSirs predict that the nitric acid market may continue to fluctuate and adjust.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.