SunSirs: The Price of Nitric Acid Has Been Weak and Falling This Week (March 4-8)
March 08 2024 15:20:18 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on March 4th this week was 1,873 RMB/ton, and on March 8th it is 1,840 RMB/ton, a price drop of 1.78%.
Analysis review
The price of concentrated nitric acid is weak and falling, and the current market transactions are weak, lacking positive support. It will take time for transactions to recover, and industry insiders mainly focus on inquiries, with a focus on market transactions.
From March 4th to March 8th, the upstream liquid ammonia price increased by 2.37%, the downstream aniline price remained stable, the potassium nitrate price remained stable, and the TDI price decreased by 2.25%.
Market outlook
The purchasing power of downstream dyes, pesticide intermediates, and other demand side products is gradually recovering, and with the emergence of cost support, nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate and tend to be stronger.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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