Price trend

According to the monitoring of SunSirs, the average price of nitric acid in East China was 1,533 RMB/ton on July 27, which was the same as last week.

Analysis review

Nitric acid prices were adjusted within a narrow range. Jiangsu Hongze Yinzhu Chemical's price was 1,400 RMB/ton, which was 100 RMB/ton lower than last week; Anhui Jinhe’s quotation was 1,400-1,450 RMB/ton, which was up about 50 RMB/ton from last week; Shandong Helitai Chemical Co., Ltd. quoted 1,750 RMB/ton, which was the same as last week; Huainan Audley Chemical Products Sales Co., Ltd. quoted 1,450 RMB/ton for concentrated nitric acid, an increase of 30 RMB/ton from last week; Wenshui County Synthetic Chemical Co., Ltd., factory quoted 1,580 RMB/ton for concentrated nitric acid, the quotation was the same as last time. The market demand for nitric acid was acceptable, the manufacturers adjusted flexibly, and the market changed little.

According to the monitoring of SunSirs, the upstream liquid ammonia: This week (July 20-24), the domestic liquid ammonia market has diverged, and prices in some areas have fallen sharply. For example, prices in the main producing area of Shandong have dropped sharply, and the price in Hebei has followed the Shandong market. down. The market supply surged and the price of liquid ammonia dropped sharply. The price of raw liquid ammonia fell, which dragged down the nitric acid market. Downstream aniline: This week, aniline continued its steady trend last week. On July 24, the price of aniline in Shandong was 4,200-4,280 RMB/ton, and the price of aniline in East China was 4,300-4,400 RMB/ton.

Market outlook

Affected by raw materials, nitric acid analysts of SunSirs predict that the upward trend of nitric acid will be blocked.

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