SunSirs: Nitric Acid Prices Rose This Week (July 17-21)
July 24 2023 14:32:45 SunSirs (John)Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on July 17th of this week was 1,933 RMB/ton, and on July 21st it was 1,936 RMB/ton, with a price increase of 0.17%.
Analysis review
On July 17th, mainstream enterprises in East China quoted concentrated nitric acid at 1,800-2,000 RMB/ton, while those in the North and Central China quoted concentrated nitric acid at 1,600-1,800 RMB/ton. The price of concentrated nitric acid had slightly increased, with some quotations stable and market sales average, with a focus on market transactions.
From July 17 to July 21, the price of upstream liquid ammonia fell by 1.16%, the price of downstream aniline rose by 2.48%, the price of TDI fell by 0.57%, and the price of Potassium nitrate fell by 0.45%. As of July 21st, the nitric acid market had slightly increased, transactions were average, and demand in industries such as pesticides and pickling was weak.
Market outlook
Nitric acid analysts from SunSirs predict that the price of nitric acid may mainly fluctuate and consolidate.
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