Price trend

According to the monitoring of SunSirs, the average price of nitric acid on September 22 was 2,300 RMB/ton, and the average price of nitric acid on September 16 was 2,266 RMB/ton, an increase of 1.47%.

Analysis review

On September 20, the ex-factory quotation of Anhui Jinhe Industrial's concentrated nitric acid 98 was 2,400 RMB/ton, which was the same as last week, and the ex-factory quotation of 68 nitric acid was 1,600 RMB/ton. Ningxia Runxia Energy Chemical has an annual output of 150,000 concentrated acid. On September 19, the ex-factory price of 98 concentrated nitric acid was 2,350 RMB/ton, the price was unchanged from last week. Shaanxi Xinghua Chemical has an annual production capacity of 100,000 tons of nitric acid. On September 19, the price of concentrated nitric acid was 2,150 RMB/ton, which was 100 RMB/ton higher than last week, and the trading of nitric acid was acceptable. Anhui Audley's concentrated nitric acid was quoted at 2,250 RMB/ton, and the nitric acid was not well sold.

This week (9.16-9.23) upstream liquid ammonia rose 1.55%. Downstream aniline rose 3.4%, TDI rose 0.39%, potassium nitrate fell 1.87%, and ammonium nitrate prices were steady. In terms of liquid ammonia: the cost and supply and demand were favorable, coupled with the rebound of liquid ammonia by more than 15% in the middle and early September, which was good for the nitric acid market, and the trading of nitric acid market was stable.

Market outlook

Nitric acid analysts of SunSirs expect the price of nitric acid may rise.

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