Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on October 1st was 2,233 RMB/ton, and on October 27th it was 2,116 RMB/ton, a decrease of 5.22% in price.

Analysis review

The price of concentrated nitric acid fell in October. The domestic acid market was weakly consolidated, the trading on the market was average, and the supply side supply was stable. The sales were mainly based on orders, with a focus on market transactions.

From October 1st to October 27th, upstream liquid ammonia fell by 1.25%. Downstream aniline decreased by 16.04%, potassium nitrate prices decreased by 2.70%, and TDI prices increased by 0.37%. The overall market demand was average, with weak purchasing power from customers in demand for dyes, pesticide intermediates, and other products. Downstream trading was not active.

Market outlook

Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and weaker.

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