SunSirs: The Prices of Nitric Acid Rose This Week（June 8-12）
June 16 2020 10:47:43 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the average price of nitric acid in East China at the beginning of this week was 1,433 RMB/ton, and the average price at the weekend was 1,450 RMB/ton, up 1.16%.
Analysis review
Product: This week, the price of concentrated nitric acid was basically stable, with some small increases. Jiangsu Hongze Yinzhu Chemical offered 1,250-1,300 RMB/ton, which was the same as last week; Wenshui Synthetic Chemical offered 1,580 RMB/ton, which was the same as last week; Anhui Jinhe offered 1,300-1,350 RMB/ton, which was 50 RMB/ton higher than last week; Shandong Helitai Chemical Co., Ltd. offered 1,700 RMB/ton, the quotation was unchanged from last week; the demand for nitric acid was light, and local trading was acceptable.
Industrial chain: Upstream liquid ammonia, according to the monitoring of SunSirs, this week fell 5.95%, limiting the space for nitric acid prices to increase; downstream aniline, according to the data of SunSirs' list, this week, the price of aniline increased slightly. On June 5, the price of aniline in Shandong was 4,400-4,490 RMB/ton, and the price of aniline in East China was 4,500-4,820 RMB/ton; On June 12, the price of aniline in Shandong was 4,500-4,590 RMB/ton, and the price of aniline in East China was 4,600-4,820 RMB/ton, an increase of 100 RMB/ton from last week, an increase of 2.26%, which boosted the price of nitric acid; downstream TDI, prices have stabilized this week.
Market outlook
Nitric acid analysts of SunSirs predict that the price of nitric acid will be hindered by the drag of raw material liquid ammonia.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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