SunSirs: Nitric Acid Prices Had Increased This Week (September 4-8)
September 11 2023 09:38:59 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average price of nitric acid on September 4th this week was 2,050 RMB/ton, and it was 2133 RMB/ton on September 8th, with a price increase of 4.06%.
Analysis review
On September 4th, the price of concentrated nitric acid remained stable, with some quotations rising. Market transactions were still acceptable, while acid factories had low inventory levels and demand slightly improved. The market urgently needed positive factors to support prices, and focused on market transactions.
From September 4th to September 8th, upstream liquid ammonia prices increased by 2.75%, downstream aniline prices increased by 7.78%, TDI prices decreased by 2.7%, and potassium nitrate prices increased by 1.38%.
Market outlook
As of September 8th, 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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