SunSirs: China Domestic Nitric Acid Price Keeps Falling
August 17 2022 10:37:30 SunSirs (Selena)
According to the monitoring of SunSirs, the average price of nitric acid on August 16 was 2,400 RMB/ ton, and the average price of nitric acid on August 8 was 2,533 RMB/ ton, down 5.26%.
On August 15, Anhui Jinhe industry, the ex factory quotation of concentrated nitric acid 98 was 2,550 RMB/ ton, which was 100 RMB/ ton lower than the previous time. The ex factory quotation of nitric acid 68 was 1,550 RMB/ ton, which was 100 RMB/ ton lower than the previous time. The nitric acid shipment was not smooth, and the price fell. Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100,000 tons of nitric acid. The quotation of concentrated nitric acid was 2,300 RMB/ ton, which was 100 RMB/ ton lower than that of the last time. The goods in the nitric acid market was poor, and the price was reduced. On August 16, Ningxia Runxia Energy Chemical Co., Ltd. produced 150,000 concentrated acid and concentrated nitric acid 98 with an ex factory quotation of 2,350 RMB/ ton, a decrease of 200 RMB/ ton compared with the previous time. The nitric acid unit was shut down for maintenance. The weakness of nitric acid market is mainly downward, and the enterprise will adjust accordingly. The demand for nitric acid is not good in China, and it is expected that the market operation will be weak.
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