Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid at the beginning of this month was 1,856 RMB/ton, and at the end of the month, the average price of nitric acid was 1,843 RMB/ton, with a price drop of 0.72%.

Analysis review

The overall price of concentrated nitric acid in May showed a downward trend, with some manufacturers offering lower prices. Downstream sales were mainly based on orders, and market demand did not show a significant increase. Key attention should be paid to market transactions.

From May 1st to May 28th, the upstream liquid ammonia price increased by 1.68%, the downstream aniline price decreased by 1.22%, the potassium nitrate price increased by 2.77%, and the ammonium nitrate price remained stable, TDI prices fell by 3.23%.

Market outlook

The demand of dyes, pesticide intermediates, and other products in the downstream market WAs average, and nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate to be weaker.

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