Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on May 6th this week was 1,863 RMB/ton, and on May 10th it was 1,893 RMB/ton, with a price increase of 1.61%.

Analysis review

The price of concentrated nitric acid was stable, and some manufacturers had raised their prices. As of May 10th, the market inquiries were positive, creating a lively atmosphere. Industry insiders were optimistic about the future market, with a focus on market transactions.

From May 6th to May 10th, the upstream liquid ammonia price increased by 4.43%, the downstream aniline price decreased by 3.22%, the potassium nitrate price decreased by 0.25%, and the TDI price decreased by 3.27%.

Market outlook

Upstream raw material costs supported, while downstream demand for dyes, pesticide intermediates, and other products was average. Downstream sales were mainly based on orders, and nitric acid analysts from SunSirs predict that nitric acid prices may fluctuate mainly.

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