SunSirs: The Price of Nitric Acid Fell Down This Week (November 4 - November 8)
November 12 2019 10:46:08 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, he average price of nitric acid in East China during the week was 1,716 RMB/ton, and the average price of nitric acid in East China was 1,683 RMB/ton, down 1.94%.
Analysis review
Products: the price of concentrated nitric acid continued to fall, with the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. being 1600 RMB/ton, the price remained stable; Anhui Jinhe Chemical Co., Ltd. being 1650 RMB/ton, the quotation remained stable; Shandong helitai concentrated nitric acid Co., Ltd. being 1800 RMB/ton, the quotation was 100 RMB/ton lower than the last time. Anhui Audley offered 1600 RMB/ton, 150 RMB/ton lower than last week's offer; Wenshui County synthetic chemical offered 1980 RMB/ton, 40 RMB/ton lower than last week's offer. The demand of nitric acid market is poor, and the quotation of some enterprises is down.
Industry chain: liquid ammonia, the raw material of the upstream of nitric acid, is mainly in a weak decline this week according to the monitoring of the business association. Downstream aniline, in Shandong and Nanjing this week, the price of aniline stopped rising and turned down. The market price of aniline in Shandong is 7950 RMB/ton, while that in Nanjing is 8400 RMB/ton, down 1.22% compared with last week.
Market outlook
The cost support is weak, and the nitric acid market demand is poor. According to the nitric acid analyst of SunSirs, the nitric acid market will still operate at a low level.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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