SunSirs: Nitric Acid Prices Increased This Week (August 21-25)
August 28 2023 09:20:05 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on August 21st this week was 1,993 RMB/ton, and on August 25th it was 2,016 RMB/ton, with a price increase of 1.17%.
Analysis review
On August 21st, the price of concentrated nitric acid slightly increased, with some quotations stable, market supply was narrow, inventory in acid factories was low, and demand slightly improved. The focus was on market transactions.
During the period of August 21st to August 25th, the upstream liquid ammonia price increased by 4.43%, the downstream aniline price increased by 1.35%, the TDI price decreased by 1.23%, and the potassium nitrate price increased by 1.43%.
Market outlook
As of August 25th, the transaction in the nitric acid market was fair, and demand in industries such as pesticides and pickling had rebounded. Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and stronger.
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