SunSirs: Nitric Acid Prices Continued to Fall on October 28
October 29 2019 10:24:34 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid in East China last week was 1766 RMB/ton, while that in East China on October 28 was 1750 RMB/ton, down 0.94%.
Analysis review
Product: the price of concentrated nitric acid continued to fall. On October 28, Jiangsu Hongze Yinzhu Chemical Co., Ltd. offered 1600 RMB/ton, which was stable; Anhui Jinhe offered 1650 RMB/ton, which was 50 RMB/ton lower than last week's offer. The market performance of nitric acid was still poor, the weak quotation of manufacturers tends to stabilize, and the prices of some manufacturers were slightly reduced.
Industrial chain: liquid ammonia, the raw material of the upstream of nitric acid, was mainly stable in the domestic liquid ammonia market. The average market price of liquid ammonia was 3150 RMB/ton in the week, and the manufacturer reported stability.
Market outlook
The terminal demand of nitric acid market is still weak. According to the nitric acid analysts of SunSirs, the nitric acid market will still fluctuate in a narrow range.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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