Price trend

According to the monitoring of SunSirs, the average price of nitric acid on November 28 this week was 2,416 RMB/ton, and on December 2, the average price of nitric acid was 2,433 RMB/ton, which was temporarily stable.

Analysis review

Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On December 2, 98 concentrated nitric acid was quoted at 2,650 RMB/ton, and the price was raised. Most of the downstream people stayed on the sidelines, and 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 transactions of nitric acid were weak, focusing on the market transactions.

During 11.28-12.02, the upstream liquid ammonia increased by 3.72%. The downstream aniline remained stable, TDI fell 1.14%, the price of potassium nitrate was stable, and ammonium nitrate rose 7.85%. Although supported by the cost of liquid ammonia, the downstream TDI price continued to weaken and fall.

Market outlook

The nitric acid analysts of SunSirs predict that the price of nitric acid will be sorted out in shocks.

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