Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on November 13th this week was 2,050 RMB/ton, and on November 17th it was 2,083 RMB/ton, with a price increase of 1.63%.

Analysis review

On November 13th, the quotation for concentrated nitric acid rose, and there was a short shutdown of devices in the Anhui region of East China. The market's spot supply was reduced, and the sentiment of acid factories for rising prices increased. The upstream liquid ammonia market rose, and the price of nitric acid rose under pressure.

From November 13th to November 17th, the upstream liquid ammonia price increased by 2.77%, the downstream aniline price increased by 0.79%, the TDI price decreased by 0.39%, and the potassium nitrate price increased by 0.23%.

Market outlook

As of November 17th, the supply of goods in the nitric acid market was tight, and the demand in industries such as pesticides and pickling was average. Acid prices continued to rise due to the impact of costs. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate in a narrow range.

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