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SunSirs: Nitric Acid Price Rose This Week (October 12-16)

October 19 2020 12:15:17     SunSirs (John)

Price trend

According to the monitoring of SunSirs, the average price of nitric acid in East China this week was 1,533 RMB/ton at the beginning of the week and 1,566 RMB/ton at the weekend, with the quotation rising by 2.17%.

Analysis review

Anhui Jinhe quoted 1,550-1,600 RMB/ton, which was 100 RMB/ton higher than last week; Shandong Helitai Chemical Co., Ltd. quoted 1,750 RMB/ton, which was flat compared with the last quotation; Jiangsu Hongze Yinzhu Chemical Industry Co., Ltd. offered 1,400 RMB/ton, which was flat compared with the previous quotation; Huainan Aodeli chemical products Sales Co., Ltd. quoted 1,550 RMB/ton of concentrated nitric acid, with an increase of 170 RMB/ton compared with last week. County Synthetic Chemical Co., Ltd. quoted 1,530 RMB/ton of concentrated nitric acid and 680 RMB/ton of dilute nitric acid. The price of concentrated nitric acid was equal to that of last week; the market of nitric acid was in good condition.

According to the monitoring of the business agency, the upstream product liquid ammonia increased by 1.05% this week, while the downstream aniline increased by 2.06% this week, and the TDI quotation was temporarily stable this week.

Market outlook

The trading volume of nitric acid market is fair, and the liquid ammonia market is good. The nitric acid analysts of SunSirs predict that the price may rise.

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