SunSirs: Nitric Acid Prices Fell (July 1-7)
July 08 2022 14:24:06 SunSirs (John)Price trend
According to the monitoring of SunSirs, the average price of nitric acid on July 1 was 2,950 RMB/ton, and the average price of nitric acid on July 7 was 2,916 RMB/ton, down 1.13%.
Analysis review
On July 4, Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100,000 tons of nitric acid, and the price of concentrated nitric acid was 2,650 RMB/ton, which was the same as last week. The nitric acid market was still available, with no inventory and small output. Anhui Jinhe Industrial Co., Ltd., the ex-factory price of concentrated nitric acid was 3,250 RMB/ton, the price was 100 RMB/ton lower than last week, and the nitric acid was normal. Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid, and the ex-factory price of 98 concentrated nitric acid was 2,850 RMB/ton. The price was unchanged from last week, and the shipment of nitric acid was acceptable.
Liquid ammonia upstream of nitric acid fell 8% this week. Downstream aniline rose 0.42%, TDI fell 0.14%, potassium nitrate prices fell 1.31%, ammonium nitrate prices were stable. The raw material market was weak, and downstream products were mixed.
Market outlook
Nitric acid analysts of SunSirs expect the price of nitric acid to be weak.
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