SunSirs: Nitric Acid Prices Increased This month (September 1-27)
September 28 2023 09:44:21 SunSirs (John )
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on September 1st of this month was 2,050 RMB/ton, and on September 27th it was 2,233 RMB/ton, with a price increase of 8.94%.
Analysis review
The price of concentrated nitric acid continued to rise in September, manufacturers raised their prices and market transactions were active. In terms of supply, acid companies had low inventory in factories, supply was tight, and shipments were mainly focused on orders. Pay attention to the market transactions.
From September 1st to September 27th, upstream liquid ammonia increased by 0.19%. Downstream aniline increased by 20.74%, potassium nitrate prices increased by 1.83%, and TDI prices decreased by 2.52%. The overall market demand had rebounded, the focus of the acid market had shifted upwards, and downstream trading had been active.
Market outlook
Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and stronger.
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