Price trend

According to the monitoring of SunSirs, the average price of nitric acid was 2,516 RMB/ton on February 6 and 2,516 RMB/ton on February 10. The price was stable in this week.

Analysis review

Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 tons concentrated acid. On February 10, the ex-factory price of 98 concentrated nitric acid was 2,550 RMB/ton. The market recovery was slow and the transaction was weak. Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100,000 tons of nitric acid, and the quotation of concentrated nitric acid was 2,150 RMB/ton. The market was mainly wait-and-see, focusing on the transaction in the downstream market.

From February to February 10, upstream liquid ammonia rose 4.13%. Downstream aniline fell 0.31%, TDI price rose 0.96%, potassium nitrate was stable, and ammonium nitrate price rose 0.47%. The price of upstream liquid ammonia rose, the price of downstream TDI and ammonium nitrate rose, and the price of potassium nitrate was stable.

Market outlook

As of the 10th, the market atmosphere was bleak, and most of the transactions were orders. The nitric acid analysts of SunSirs predicted that the price of nitric acid might be mainly volatile and weaker.

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