Price Trend Chart of Nitric Acid Market
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According to the monitoring of business associations, nitric acid prices in China rose this week, averaging 1,600 yuan/ton at the beginning of the week and 1,633 yuan/ton at the end of the week, up 2.08%.
II. Market Analysis
Products: This week, the domestic nitric acid market prices increased slightly in some areas. The price quoted by mainstream manufacturers in Jiangsu was 1 650 yuan/ton, and the price was increased. Anhui mainstream manufacturers quoted 1600-1650 yuan per ton. Nitric acid shipments are common everywhere, and prices in some areas have increased slightly.
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Industry chain: the upstream raw material of nitric acid, liquid ammonia, the domestic market performance of liquid ammonia has stabilized. At present, the market price remains high. The price quoted by manufacturers in the northern region is maintained in the range of 3350-3500 yuan/ton. The price quoted in the northwest region is around 2800-3000 yuan/ton. Downstream aniline, Nanjing chemical aniline market price rose 100 yuan / ton this week, East China maintained stability, the price is about 5600 – 5950 yuan / ton.
3. Future Market Forecast
In summary, Nitric acid analysts believe that the nitric acid market will be strong in the short term.
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