Price trend
According to the commodity market analysis system of SunSirs, the average price of nitric acid at the beginning of this month was 1,750 RMB/ton, and at the end of the month, the average price of nitric acid was 1,833 RMB/ton, with a price increase of 4.76%.
Analysis review
The price of concentrated nitric acid increased in April, with some manufacturers offering firm prices and an active market atmosphere. Downstream demand continued to improve, with a focus on market transactions.
From April 1st to April 28th, the upstream liquid ammonia price decreased by 2.71%, the downstream aniline price increased by 5.47%, the potassium nitrate price decreased by 1.98%, the ammonium nitrate price decreased by 0.51%, and the TDI price decreased by 3.11%.
Market outlook
The demand for dyes, pesticide intermediates, and other products in the downstream market had improved, and nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate with a stronger trend.
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