Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the average price of nitric acid on June 19th this week was 2,000 RMB/ton, and on June 25th, the average price of nitric acid was 2,000 RMB/ton, indicating stable prices.

Analysis review

On June 25th, mainstream enterprises in East China quoted a price of 2,000-2,200 RMB/ton for nitric acid, while northern and central China quoted a price of 1,800-2,000 RMB/ton for nitric acid. At present, the transaction volume in the concentrated nitric acid market is light, and industry insiders are mostly wait-and-see, focusing on the market transaction situation.

From June 19 to June 25, the upstream liquid ammonia fell 0.61%, the downstream aniline price was stable, the TDI price rose 0.76%, and the Potassium nitrate price rose 0.95%. At present, the transaction volume in the nitric acid market is light, and downstream demand for nitric acid is weak. The demand in industries such as pesticides and pickling is sluggish, and the price of nitric acid continues to decline.

Market outlook

Nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate and weaken.

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