Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on August 1st this month was 1,940 RMB/ton, and on August 29th it was 2,033 RMB/ton, with a price increase of 4.81%.

Analysis review

The price of concentrated nitric acid continued to rise in August, and the market's sales accelerated. The focus was on market transactions, and the market urgently needed good news to boost. In terms of supply, the acid factory inventory was low, and supply was tight, with orders being the main source of sales.

From August 1st to August 29th, upstream liquid ammonia increased by 0.94%. Downstream aniline increased by 8.82%, ammonium nitrate prices increased by 11.8%, and TDI prices decreased by 3.13%. The overall demand in the downstream market had slightly rebounded, and the focus of the market had shifted upwards, and the market trading was positive.

Market outlook

Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and weaker.

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