Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on April 15th this week was 1,733 RMB/ton, and on April 19th it was 1,770 RMB/ton, with a price increase of 2.12%.
Analysis review
The price of concentrated nitric acid haD increased, and the nitric acid market was trading actively. Some manufacturers had stopped production for maintenance but had not resumed production yet. Downstream demand had increased, and the focus was on market transactions.
From April 15th to April 19th, the upstream liquid ammonia price decreased by 4.69%, the downstream aniline price decreased by 3.79%, the potassium nitrate price decreased by 0.25%, and the TDI price decreased by 0.63%.
Market outlook
Downstream demand for dyes, pesticide intermediates, and other products had rebounded. Although the price of liquid ammonia had fallen, downstream sales had accelerated. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate and show a stronger trend.
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