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SunSirs: Nitric Acid Prices Were Stable This Week (March 22-25)

March 26 2021 13:08:52     SunSirs (John)

Price trend

According to the monitoring of SunSirs, the average price of concentrated nitric acid in the domestic area was 2,050 RMB/ton at the beginning of this week, and the quotation was temporarily stable.

Analysis review

On March 22, Anhui Jinhe concentrated nitric acid price was 1,850 RMB/ton, which was the same as last time; Anhui Audley concentrated nitric acid price was 1,800 RMB/ton, which was the same as last time; Wenshui County Synthetic Chemical Co., Ltd., the price of concentrated nitric acid was 2,200 RMB/ton, which was the same as last week, and the price of dilute nitric acid was 960 RMB/ton; Shandong Helitai concentrated nitric acid price was 2,100 RMB/ton, which was flat with last time. The nitric acid market is acceptable, and individual manufacturers have no inventory pressure; affected by rising raw materials, the price of nitric acid has a trend of upward adjustment.

Upstream liquid ammonia, this week (3.22-25), according to SunSirs monitoring, liquid ammonia continued the upward trend of last week, the average price in Shandong area at the beginning of the week was 3,583 RMB/ton, and the weekend average price was 3,660 RMB/ton, an increase of 2.14%; Downstream aniline, the price of aniline was temporarily stable this week, and the average domestic market price was 14,000 RMB/ton.

Market outlook

Affected by the raw material liquid ammonia, nitric acid analysts of SunSirs predict that the price of nitric acid may increase.

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