Price trend

According to the monitoring of SunSirs, the average price of nitric acid on November 14 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 18, 98 concentrated nitric acid was quoted at 2,550 RMB/ton. The quotation was stable, and the market delivery was average. Most of the goods were 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 downstream of nitric acid was mainly wait-and-see, and the procurement atmosphere was general.

During 11.14-11.18, the upstream liquid ammonia increased by 5.21%. Downstream aniline fell 10.44%, TDI remained stable, potassium nitrate fell 8.56%, and ammonium nitrate remained stable.

Market outlook

Although supported by the cost of liquid ammonia, the price of aniline in the downstream was weak and fell. The nitric acid analysts of SunSirs predict that the price of nitric acid may be sorted out in shock mainly.

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