SunSirs: The Price of Nitric Acid Was Stable This Week (December 12-16)
December 19 2022 11:49:04 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid on December 12 this week was 2450 RMB/ton, and the average price of nitric acid on December 16 was 2450 RMB/ton, which was stable.
Analysis review
Ningxia Runxia Energy&Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On December 16, 98 concentrated nitric acid was quoted at 2,650 RMB/ton. The price was stable. The downstream shipments were not smooth, and the transaction was light. Shaanxi Xinghua Chemical has an annual nitric acid capacity of 100,000 tons, and the concentrated nitric acid was quoted at 2,150 RMB/ton. The delivery of nitric acid slowed down, focusing on the downstream market transactions.
During 12.12-12.16, the upstream liquid ammonia decreased by 3.09%. The downstream aniline rose 0.69%, the TDI price rose 3.19%, the potassium nitrate price fell 0.43%, and the ammonium nitrate price was stable.
Market outlook
The upstream liquid ammonia fell, but the downstream TDI and potassium nitrate prices both rose. The nitric acid analysts of SunSirs predicted that the nitric acid price might be dominated by shock finishing.
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