Price trend

According to the price monitoring of SunSirs, the average price of nitric acid in East China last week was 2233 RMB/ton, and on October 22, the average price of nitric acid in East China fell by 20.90%.

Analysis review

Products: the price of concentrated nitric acid continued to decline. On October 22, Jiangsu Hongze Yinzhu Chemical Co., Ltd. quoted 1600 RMB/ton, down 500 RMB/ton compared with the quotation last week; Anhui Jinhe quoted 1700 RMB/ton, down 400 RMB/ton compared with the quotation last week; Shandong helitai quoted 2000 RMB/ton, down 100 RMB/ton compared with the quotation last week. On October 21, Anhui Audley offered 1750 RMB/ton, down 200 RMB/ton compared with last week's offer; Wenshui County synthetic chemical offered 2200 RMB/ton, flat compared with last week's offer. The nitric acid market is sluggish, the demand is light, and the manufacturers continue to reduce their prices.

Industry chain: Nitric acid upstream raw material liquid ammonia, according to SunSirs monitoring, domestic liquid ammonia market fell slightly, the liquid ammonia fell by 0.52% on the 18th, most manufacturers reported stability, some down 50-100 RMB/ton, Some enterprises in Shandong maintained stability, and some fell by 50 RMB /ton.

Market outlook

The demand of nitric acid market is low. According to nitric acid analysts of SunSirs, the nitric acid market may continue to be weak, but there is limited space for downward adjustment.

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