SunSirs: Nitric Acid Prices Rose Slightly in January (January 1-30)
January 31 2023 09:41:13 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid was 2,450 RMB/ton on January 1 and 2,516 RMB/ton on January 30, with a price increase of 2.72%.
Analysis review
Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On January 30, the ex-factory price of 98 concentrated nitric acid was 2,550 RMB/ton. The nitric acid market mostly sold according to orders, and the inquiry gradually warmed up. Shaanxi Xinghua Chemical has an annual production capacity of 100,000 tons of nitric acid. On the 30th, the price of concentrated nitric acid was 2,150 RMB/ton. Focus on market transactions.
From January 1 to January 30, the upstream liquid ammonia of nitric acid dropped 9.06%. Downstream aniline fell 2.93%, TDI rose 8.16%, potassium nitrate fell 0.21%, and ammonium nitrate rose 0.47%.
Market outlook
Although the upstream liquid ammonia cost fell, the downstream TDI and ammonium nitrate prices rose, and the downstream market was dominated by inquiries. The nitric acid analyst of SunSirs predicted that the nitric acid price might be dominated by shocked finishing.
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