SunSirs: The Price of Nitric Acid Fell This Week (December 18-22)
December 25 2023 11:15:51 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the average price of nitric acid on December 18th this week was 2,250 RMB/ton, and on December 22nd it was 2,200 RMB/ton, a price drop of 2.22%.
Analysis review
On December 18th, the price of concentrated nitric acid fell, with sufficient supply from manufacturers and no increase in market transactions, which fell short of expectations. Key attention should be paid to market transactions.
From December 18th to December 22nd, the upstream liquid ammonia price increased by 0.84%, the downstream aniline price decreased by 1.77%, the TDI price increased by 1.2%, and the price of potassium nitrate remained stable.
Market outlook
As of the 22nd, the nitric acid market had sufficient supply of goods and weak transactions. Acid prices continued to decline due to the impact of weak transactions. SunSirs’ nitric acid analysts predict that nitric acid prices may mainly fluctuate to be weaker.
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