Price trend

According to the monitoring of SunSirs, the average price of nitric acid was 2,366 RMB/ton on October 24, and 2,333 RMB/ton on October 17, up 1.43%.

Analysis review

On October 24, the ex factory quotation of concentrated nitric acid 98 of Anhui Jinhe Industry was 2,500 RMB/ton, which was the same as that of last week. The ex factory quotation of 68 nitric acid was 1,600 RMB/ton, which was the same as that of last week. Ningxia Runxia Energy Chemical has an annual output of 150,000 concentrated acid. The ex factory quotation of 98 concentrated nitric acid was 2,450 RMB/ton, which was 100 RMB/ton higher than last week. Affected by the increase in raw materials, the price rose, and the delivery of nitric acid improved compared with the previous period. Shaanxi Xinghua Chemical Co., Ltd. has an annual nitric acid production capacity of 100,000 tons, and the quotation of concentrated nitric acid was 2,150 RMB/ton, which was the same as last week. The nitric acid production was small.

From October 17 to October 24, the upstream liquid ammonia fell 1.82%. The downstream aniline rose 0.89%, TDI fell 1.23%, potassium nitrate fell 1.56%, and the price of ammonium nitrate was stable.

Market outlook

The cost support from liquid ammonia was weak, and the rise and fall of downstream products were different. The nitric acid analysts of SunSirs predicted that the price of nitric acid is lack of impetus to rise, and it will run smoothly mainly.

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