Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on March 11th this week was 1,833 RMB/ton, and on March 15th it was 1,816 RMB/ton, a decrease of 0.91% in price.

Analysis review

The price of concentrated nitric acid continued to be weak, and the market transactions were weak. Manufacturers followed the market and shipped according to the market. Industry insiders were mostly wait-and-see, focusing on market transactions.

From March 11th to March 15th, the upstream liquid ammonia price decreased by 1.85%, the downstream aniline price increased by 4.4%, the potassium nitrate price remained stable, and the TDI price decreased by 0.59%.

Market outlook

Downstream dyes, pesticide intermediates, and other demand side purchases were weak, and upstream liquid ammonia prices lacked enough support. SunSirs’ nitric acid analysts predict that nitric acid prices may mainly fluctuate to be weaker.

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