Price trend

According to the monitoring of SunSirs, the average price of nitric acid on October 17 was 2,333 RMB/ton, and the quotation was the same as that on October 1.

Analysis review

On October 17, Anhui Jinhe Industry's ex factory quotation of concentrated nitric acid 98 was 2,500 RMB/ton, which was the same as that at the beginning of the month. The ex factory quotation of  nitric acid 68was 1,600 RMB/ton, which was the same as that at the beginning of the month. Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. The ex factory quotation of 98 concentrated nitric acid was 2,350 RMB/ton, which was the same as that at the beginning of the month. Affected by the epidemic situation, the delivery of nitric acid was not good. Shaanxi Xinghua Chemical Co., Ltd. has an annual nitric acid production capacity of 100,000 tons, and the quotation of concentrated nitric acid is 2,150 RMB/ton, which is the same as the quotation at the beginning of the month. The production of nitric acid is small, and the goods are acceptable.

From October 1 to 17, the upstream liquid ammonia fell 3.81%. The downstream aniline rose 12.8%, TDI rose 35.33%, the price of potassium nitrate was stable, and the price of ammonium nitrate was stable.

Market outlook

The cost support of liquid ammonia is weak, and nitric acid analysts from SunSirs predict that the price of nitric acid may decline.

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