SunSirs: The Price of Nitric Acid Rose This Month (November 1-28)
November 29 2022 13:55:39 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid on November 1 was 2,366.67 RMB/ton, and the average price of nitric acid on November 28 was 2,416 RMB/ton, up 2.11%.
Analysis review
Ningxia Runxia Energy Chemical has an annual output of 150,000 concentrated acid. On November 28, the ex factory quotation of 98 concentrated nitric acid was 2,650 RMB/ton, and the quotation rose. The market was not so good, and most of the products were delivered according to orders. Shaanxi Xinghua Chemical Co., Ltd. has an annual nitric acid production capacity of 100,000 tons, and the concentrated nitric acid was quoted at 2,150 RMB/ton. The downstream of nitric acid was mainly wait-and-see, and the procurement atmosphere was general.
During 11.01-11.28, the upstream liquid ammonia increased by 12.04%. Downstream aniline fell 29%, TDI fell 22.79%, potassium nitrate fell 4.67%, and ammonium nitrate rose 0.51%. Although supported by the cost of upstream liquid ammonia, the prices of downstream aniline, TDI, potassium nitrate and ammonium nitrate were weak and falling, and the downstream market was weak. The dealers were mainly wait-and-see.
Market outlook
The nitric acid analysts of SunSirs predicted that the price of nitric acid would be mainly sorted out in shocks.
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