SunSirs: Nitric Acid Rose This Week（November 30-December 4）
December 08 2020 13:39:21 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid in East China at the beginning of this week was 1,800 RMB/ton, and the average price this weekend was 1,900 RMB/ton, an increase of 5.56%.
Analysis review
Anhui Jinhe concentrated nitric acid price was around 2,100-2,200 RMB/ton, which was the same as last week; Shandong Helitai Chemical Co., Ltd. price of concentrated nitric acid was 2,200 RMB/ton, which was an increase of RMB 300/ton from last week; Huainan Audley Chemical Products Sales Co., Ltd., concentrated nitric acid quotation was 2,180 RMB/ton, which was the same as last week; Wenshui County Synthetic Chemical Co., Ltd., concentrated nitric acid quotation was 1,950 RMB/ton, dilute nitric acid was priced at 810 RMB/ton, and concentrated nitric acid quotation was the same as last week. The nitric acid market has slowed down compared with the previous period, and most manufacturers have maintained stable quotations.
According to the monitoring of SunSirs, the domestic liquid ammonia market in the upstream liquid ammonia market remained stable this week; the downstream aniline rose 1.52% this week; the downstream TDI fell 1.77%.
Market outlook
Trading in the nitric acid market has slowed down, and nitric acid analysts at SunSirs predict that nitric acid prices may be stable.
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