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SunSirs: Nitric Acid Prices Rose This Week (September 11-15)
September 18 2023 14:21:25SunSirs(John)

Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on September 11th this week was 2,150 RMB/ton, and on September 15th it was 2,183 RMB/ton, with a price increase of 1.55%.

Analysis review

On September 15th, the quotation for concentrated nitric acid increased, and market transactions improved. The manufacturer's quotation was firm, and the inventory of acid factories was low. Demand slightly rebounded, and the market urgently needed positive factors to support the prices, and focused on market transactions.

From September 11th to September 15th, the upstream liquid ammonia price decreased by 2.55%, the downstream aniline price increased by 7.69%, the TDI price increased by 0.19%, and the potassium nitrate price remained stable.

Market outlook

As of September 15th, the transaction in the nitric acid market was still good, and demand in industries such as pesticides and pickling had rebounded. Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and stronger.

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