SunSirs: The Price of Nitric Acid Had Dropped This Week (January 29-February 2)
February 04 2024 10:03:18 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on January 29th this week was 2,033 RMB/ton, and it was 2,000 RMB/ton on February 2nd, with a price drop of 1.64%.
Analysis review
The price of concentrated nitric acid had fallen, pre holiday stocking had ended, manufacturers had gradually stopped quoting, and market transactions had been weak. Industry insiders mainly focused on inquiries and pay close attention to market transactions.
From January 29th to February 2nd, the upstream liquid ammonia price decreased by 1.23%, the downstream aniline price increased by 3.98%, the potassium nitrate price remained stable, and the TDI price increased by 0.59%.
Market outlook
The market had gradually stopped quoting, and customers in demand for dyes, pesticide intermediates, and other products had weak purchasing power. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate to be weaker.
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)
