On May 8th, the benchmark price of nitric acid in SunSirs was 2433.33 yuan/ton, a decrease of -0.68% compared to the beginning of this month (2450.00 yuan/ton).

Upstream liquid ammonia increased by 1.55%. Downstream aniline prices remained stable, with TDI prices rising by 1.03% and potassium nitrate falling by 0.91%. The price of raw material liquid ammonia has increased, while the downstream price of potassium nitrate has decreased. The downstream demand for nitric acid is still acceptable, but the demand in industries such as pesticides and pickling is sluggish, making it difficult to form a supportive effect on prices.

Nitric acid analysts at SunSirs y predict that nitric acid prices may mainly fluctuate and weaken.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.