Price trend

According to the monitoring data of SunSirs, the average price of nitric acid in East China was 1,566 RMB/ton early this week, and the average price of weekend was 15,83 RMB/ton, up 1.06%.

Analysis review   

Product: Concentrated nitric acid companies' quotations rose, Jiangsu Hongze Yinzhu Chemical stopped quoting; Anhui Jinhe offered a price of 1,450 RMB/ton, which was an increase of 50 RMB/ton over the last time; Wenshui County Synthetic Chemical Co., Ltd. offered a price of 1,860 RMB/ton, compared with a year ago Up 110 RMB/ton; affected by the epidemic, the market demand for nitric acid is light. The nitric acid company started gradually, and the market supply gradually recovered.

Industrial chain: 

At the beginning of the week (February 17), according to the monitoring of SunSirs, the domestic liquid ammonia market was slightly lower, and most of the quotations were lower than last weekend. Downstream aniline, the market price rose this week.

Market outlook

In summary, supported by aniline, but the market demand for nitric acid is limited. Nitric acid analysts from SunSirs predict that nitric acid market may be mainly finishing.

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