SunSirs: The Price of Nitric Acid Rose First and Then Fell This Week (December 4-8)
December 11 2023 10:50:21 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the average price of nitric acid on December 4th this week was 2,283 RMB/ton, and on December 8th it was 2,083 RMB/ton, with a price increase of 0.73%.
Analysis review
On December 4th, the price of concentrated nitric acid rose first and then fell. The downstream market purchased goods slowly, and the pressure on the supply side of the nitric acid market remained unchanged. Demand continued to be weak, with a focus on market transactions. The market urgently needed positive support.
From December 4th to December 8th, upstream liquid ammonia prices increased by 6.38%, downstream aniline prices decreased by 3.27%, TDI prices increased by 0.6%, and potassium nitrate prices remained stable.
Market outlook
The supply of nitric acid in the market was tight, and downstream industry demand was average. Acid prices continued to decline due to weak transactions. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate to be weaker.
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