SunSirs: Nitric Acid Prices Were First Suppressed and Then Increased this week (November 6-10)
November 13 2023 10:14:47 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the average price of nitric acid on November 6th this week was 2,050 RMB/ton, and on November 10th, the average price of nitric acid was 2,050 RMB/ton, indicating stable prices.
Analysis review
On November 10th, the quotation for concentrated nitric acid rose, while the upstream liquid ammonia price rose. The market supply was tight, and the downstream quotation was strong, resulting in faster transactions. The focus was on the market transaction situation.
From November 6th to November 10th, upstream liquid ammonia prices increased by 5%, downstream aniline prices increased by 5.06%, TDI prices decreased by 0.39%, and potassium nitrate prices increased by 0.46%.
Market outlook
As of November 10th, the market supply was tight, and the demand of pesticides, pickling and other industries was still good. Nitric acid analysts from SunSirs predict that the price of nitric acid may be mainly volatile and stronger.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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