SunSirs: Nitric Acid Prices Fell This Week (April 3-7)
April 10 2023 14:20:16 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid on April 3rd this week was 2,600 RMB/ton, and on April 7th it was 2,566 RMB/ton, a decrease of 1.28% in price.
Analysis review
On April 7th, mainstream enterprises in East China quoted a price of 2,600-2,800 RMB/ton for nitric acid, while northern and central China quoted a price of 2,400-2,650 RMB/ton. As of April 7th, most of the market's sales were mainly orders, with average market trading volume. Industry insiders were mostly wait-and-see, with a focus on market transactions.
From April 3rd to April 7th, upstream liquid ammonia decreased by 6.03%. Downstream aniline prices decreased by 12.93%, TDI prices increased by 1.13%, and potassium nitrate prices decreased by 0.89%.
Market outlook
The continuous downward trend of raw material liquid ammonia has led to a strong wait-and-see atmosphere in the nitric acid market. It is necessary to pay attention to the negative impact of the weakening of raw materials on the strong sentiment in local markets. Nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate in a narrow range.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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