Price trend

According to the monitoring of SunSirs, the average price of nitric acid on July 15 was 2,833 RMB/ton, and the average price of nitric acid on July 21 was 2,783 RMB/ton, down 1.76%.

Analysis review

On July 18, Anhui Jinhe Industrial Co., Ltd., the factory price of concentrated nitric acid 98 was 3,050 RMB/ton, the price was 50 RMB/ton lower than the last time; and the factory price of 68 nitric acid was 1,750 RMB/ton, the price was the same as the last time. The delivery of nitric acid was general, and the shipment was not smooth.

Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid, and the ex-factory price of 98 concentrated nitric acid was 2,750 RMB/ton. The quotation was the same as last time, and the nitric acid was shipped normally.

Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100,000 tons of nitric acid. The price of concentrated nitric acid was 2,550 RMB/ton, which was 100 RMB/ton lower than the last time. The nitric acid market was acceptable.

During the period from 7.1 to 7.21, the upstream liquid ammonia of nitric acid dropped by 22.96%. Downstream aniline fell 3.35%, TDI fell 4.96%, the price of potassium nitrate fell 4.75%, and the price of ammonium nitrate was stable. The raw material liquid ammonia market continued to be weak, and the nitric acid sold flat.

Market outlook

Nitric acid analysts of SunSirs predict that the price of nitric acid may run weakly.

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