Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on March 18th of this week was 1,800 RMB/ton, and on March 21st it was 1,776 RMB/ton, a decrease of 1.30% in price.

Analysis review

The quotation for concentrated nitric acid was weak, and the transaction volume in the nitric acid market was still lower than expected. Manufacturers sold goods mainly based on orders, and the market situation was weak without positive support. The focus was on the market transaction situation.

From March 18th to March 21st, the upstream liquid ammonia price increased by 10.31%, the downstream aniline price increased by 1.78%, the potassium nitrate price decreased by 0.49%, and the TDI price decreased by 1.19%.

Market outlook

Downstream demand of dyes, pesticide intermediates, and other products was weak. Although there was support from upstream liquid ammonia prices, downstream demand was weak. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate to be weaker.

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