SunSirs: Nitric Acid Prices Rose Slightly This Week (March 13-17)
March 20 2023 10:30:21 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid on March 13 this week was 2,450 RMB/ton, and on March 17, the average price of nitric acid was 2,466 RMB/ton, with a price increase of 0.68%.
Analysis review
Ningxia Runxia Energy Chemical Co., Ltd. has an annual output of 150,000 concentrated acid. On March 17th, 98 concentrated nitric acid was sold normally, the market was accelerating, and the transaction atmosphere was active. Shaanxi Xinghua Chemical Co., Ltd. has an annual production capacity of 100,000 tons of nitric acid, the market price was rising slightly as the market was bullish.
From March 13 to March 17, upstream liquid ammonia fell 3.4%. Downstream aniline rose 2.18%, TDI prices fell 0.19%, and potassium nitrate fell 0.67%. The price of upstream liquid ammonia decreased, but the price of downstream aniline increased, and the price of ammonium nitrate temporarily stabilized.
Market outlook
On March 17th, the trading atmosphere in the market was active. Nitric acid analysts at SunSirs predict that the price of nitric acid may mainly fluctuate in a narrow range.
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