Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on September 18th this week was 2,200 RMB/ton, and on September 22nd it was 2,216 RMB/ton, with a price increase of 0.76%.

Analysis review

On September 18th, the quotation for concentrated nitric acid increased, and supply continued to be tight. Manufacturers' quotations were raised narrowly, and the inventory of acid companies was low. Transactions were improving, and the market urgently needed positive factors to support prices. Focus on market transactions.

During the period from September 18th to September 22nd, the upstream liquid ammonia price increased by 2%, the downstream aniline price increased by 0.18%, the TDI price increased by 0.18%, and the potassium nitrate price decreased by 0.89%.

Market outlook

At present, the transaction volume in the nitric acid market has rebounded, and the demand in industries such as pesticides and pickling has rebounded. Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and stronger.

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