Price trend

According to the monitoring of SunSirs data, the average price of nitric acid in East China was 1,550 RMB/ton this weekend, and the average price at the beginning of the week was 1,500 RMB/ton, up 3.33%.

Analysis review   

Product: The price of concentrated nitric acid companies is raised. The price of Jiangsu Hongze Yinzhu Chemical is 1,400 RMB/ton, which is 50 RMB/ton higher than last week. The price of Anhui Jinhe is 1,500-1,550 RMB/ton, which is 50-100 RMB/ton higher than last week. Shandong Helitai Chemical Co., Ltd.'s offer is 1,750 RMB/ton, which is 50 RMB/ton higher than last week; the demand for nitric acid market has improved slightly.

Industry: Upstream liquid ammonia, tight supply in mid-March and superimposed on the spring plough season, liquid ammonia continued to rebound, the price is mainly high. The downstream aniline has remained weak this week to maintain stability; TDI, the price situation in East China has been running steadily.

Market outlook

Supported by the cost of liquid ammonia, the nitric acid analyst of SunSirs predicts that nitric acid may be mainly strong.

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