SunSirs: The Price of Nitric Acid Fell Sharply
October 16 2019 14:18:44 SunSirs (John)Price trend
According to the monitoring data of SunSirs, the average price of nitric acid in East China in early October was 2466 yuan/ton, while on October 15, the average price of nitric acid in East China was 2100 yuan/ton, down 14.86%.
Analysis review
Product: The price of concentrated nitric acid continued to decline. As of October 15, Jiangsu Hongze Yinzhu Chemical Co., Ltd. offered 2100RMB/ton, which was 500RMB/ton lower than that before the National Day; Anhui Jinhe offered 2100RMB/ton, which was 400RMB/ton lower than that before the National Day; Shandong helitai offered 2100RMB/ton, which was 200RMB/ton lower than that before the National Day. Anhui Audley offered 1950RMB/ton, 650RMB/ton lower than that before the National Day; Wenshui County synthetic chemical offered 2200RMB/ton, 100RMB/ton lower than that before the National Day. At present, the demand for nitric acid is not good, and the manufacturers continue to reduce the price.
Industry chain: According to the monitoring of SunSirs, the price of liquid ammonia, the raw material of nitric acid upstream, fell first and then rose slightly in Shandong after the National Day; the price of aniline and TDI, the downstream products, the price of aniline remained stable last week compared with that before the National Day. The market price of aniline in Shandong is 7600RMB/ton, and that in Nanjing is 7800RMB/ton. The price trend of TDI in the East China market is up. On the 14th, the price of TDI in the East China market was 13100.00RMB/ton, an increase of 1.29%.
Market outlook
The demand of nitric acid market is light, and the nitric acid analyst of SunSirs thinks that the nitric acid market may continue to decline.
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