SunSirs: The Price of Nitric Acid Fell This Week (December 11-15)
December 18 2023 11:18:00 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the average price of nitric acid on December 11th this week was 2,300 RMB/ton, and on December 8th it was 2,250 RMB/ton, a price drop of 2.17%.
Analysis review
On December 11th, the price of concentrated nitric acid was weak, with an increase in upstream supply and no significant increase in downstream demand. Transactions were mainly orders, with a focus on market transactions.
From December 11th to December 15th, the upstream liquid ammonia price increased by 0.42%, the downstream aniline price remained stable, the TDI price decreased by 0.6%, and the potassium nitrate price decreased by 0.46%.
Market outlook
As of December 15th, the supply of goods in the market had increased, 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 weakly.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-22 SunSirs: The Price of Nitric Acid Had Increased This Week (April 15-19)
- 2024-04-15 SunSirs: The Price of Nitric Acid Weakly Rose This Week (April 8-12)
- 2024-04-01 SunSirs: The Price of Nitric acid had dropped this month (March 1-28)
- 2024-03-25 SunSirs: The Price of Nitric Acid Was Weak and Falling This Week (March 18-21)
- 2024-03-18 SunSirs: The Price of Nitric Acid Had Been Weak and Falling This Week (March 11-15)
