SunSirs: The Price of Nitric Acid Fell This Week (February 19-23)
February 27 2024 10:07:09 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on February 19th this week was 1,983 RMB/ton, and on February 23rd it was 1,950 RMB/ton, a price drop of 1.68%.
Analysis review
The price of concentrated nitric acid had weakened and fallen, and transactions had been light after the holiday. Manufacturers had gradually resumed quoting, and it will take time for market transactions to recover. Industry insiders mainly focused on inquiries and paid close attention to market transactions.
From February 19th to February 23rd, the upstream liquid ammonia price increased by 4.68%, the downstream aniline price increased by 0.11%, the potassium nitrate price decreased by 0.48%, and the TDI price increased by 0.58%.
Market outlook
The market was gradually recovering its quotations, and the purchasing power of dyes, pesticide intermediates, and other demand side products was average. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate to be weaker.
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