According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on July 10th this week was 1,916 RMB/ton, and on July 14th it was 1,933 RMB/ton, with a price increase of 0.87%.
Analysis review
On July 10th, mainstream enterprises in East China quoted concentrated nitric acid at 1,800-2,000 RMB/ton, while those in the North and Central China quoted concentrated nitric acid at 1,600-1,800 RMB/ton. The price of concentrated nitric acid had slightly increased, some manufacturers had stopped quotations, and the market shipment was general, with a focus on market transactions.
From July 10 to July 14, the price of upstream liquid ammonia fell by 1.15%, the price of downstream aniline rose by 1.61%, the price of TDI fell by 0.73%, and the price of Potassium nitrate rose by 0.45%. As of July 14th, the nitric acid market rose slightly, with average transactions. The demand in industries such as pesticides and pickling was weak.
Market outlook
Nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate and consolidate.
