Price trend

According to the commodity market analysis system of SunSirs, the average price of nitric acid at the beginning of this week was 1,470 RMB/ton, and the average price of nitric acid at the end of the week was 1,460 RMB/ton, a decrease of 0.72%.

Market analysis

The price of concentrated nitric acid generally trended downward this week, with some manufacturers lowering their prices. Downstream sales were mainly driven by orders, and market demand did not increase significantly. The market transaction situation should be closely monitored.

From February 9th to 13th, the price of upstream liquid ammonia rose by 0.31%, while the prices of downstream aniline, potassium nitrate, ammonium nitrate, and TDI remained stable. Downstream markets, including dyes, military products, and dye intermediates, saw weak demand.

Market outlook

With the Spring Festival approaching, downstream factories had basically finished stocking up, and the trading atmosphere was becoming increasingly sluggish. According to analysts at SunSirs, nitric acid prices are expected to fluctuate with a slightly downward trend.

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