Price trend

According to the monitoring of SunSirs, the average price of nitric acid on November 7 this week was 2,400 RMB/ton, and the average price of nitric acid on November 11 was 2,400 RMB/ton, which was temporarily stable.

Analysis review

Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On November 11, 98 concentrated nitric acid was quoted at 2,550 RMB/ton, which was stable. Most of the nitric acid in the market was delivered according to orders. Shaanxi Xinghua Chemical has an annual nitric acid production capacity of 100,000 tons, and the quotation of concentrated nitric acid was 2,150 RMB/ton, which was the same as that at the beginning of the week. The nitric acid market was dominated by inquiries, and the downstream procurement wass not very interested.

During 11.07-11.11, the upstream liquid ammonia increased by 2.51%. Downstream aniline fell 1.27%, TDI fell 14.73%, potassium nitrate fell 8.56%, and ammonium nitrate rose 0.51%. Although supported by the cost of liquid ammonia, the prices of aniline and TDI in the downstream were weak and falling.

Market outlook

The nitric acid analysts of SunSirs predicted that the price of nitric acid would be mainly sorted out in shock.

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