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SunSirs: The Prices of Nitric Acid Continue to Rise

September 18 2019 10:35:50     SunSirs (John)

1.  the price trend

According to the monitoring of SunSirs, the average price of nitric acid in eastern China was 1600 RMB/ton in early September, and 1933 RMB/ton in eastern China on September 17, up 20.83%.

  1. Analysis review

Product: Nitric acid prices have risen all the way since September. On September 17, Jiangsu manufacturers quoted 1950 RMB/ton, up 350 RMB/ton from the quotation at the beginning of the month. Anhui Audley quoted 2050 RMB/ton, up 470 RMB/ton from the early quotation of the month; Anhui Jinhe quoted 2050 RMB/ton, up 400 RMB/ton from the early quotation of the month; Shandong Helitai factory quoted 1800 RMB/ton, up 200 RMB/ton from the early quotation of the month. Affected by environmental protection, individual manufacturers stopped maintenance and the supply of nitric acid was tight.

Industry chain: The price of liquid ammonia, the raw material of upstream nitric acid, is basically stable, and the quotation of a few enterprises has increased. The demand for nitric acid in the downstream is increasing, and the National Day is coming. Traders are actively stockpiling goods, which promotes the price of nitric acid to rise continuously.

  1. Market outlook

In summary, Nitric acid analysts of SunSirs believe that the nitric acid market may continue to operate strongly.

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