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Commodity News

SunSirs: Adequate Supply of Goods, the Price of Potassium Sulfate Declined

April 15 2024 11:34:19     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on April 8th this week was 1,710 RMB/ton, and on April 12th it was 1,716 RMB/ton, with a price increase of 0.39%.

Analysis review

The quotation for concentrated nitric acid had increased, and there were more inquiries in the nitric acid market. Supported by costs, the price of nitric acid had risen, and the market transaction atmosphere was positive. The focus was on the market transaction situation.

From April 8th to April 12th, the upstream liquid ammonia price increased by 0.52%, the downstream aniline price increased by 5.02%, the potassium nitrate price decreased by 0.5%, and the TDI price increased by 0.64%.

Market outlook

Downstream demand for dyes, pesticide intermediates, and other products had rebounded, while upstream liquid ammonia prices had supported the rise in nitric acid prices. Downstream sales have accelerated, and nitric acid analysts from SunSirs predict that nitric acid prices may exhibit a more volatile and strong trend.

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