SunSirs: The Price of Nitric Acid Was Stable This Week (December 05-08)
December 12 2022 10:49:49 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the average price of nitric acid on December 5 this week was 2,433 RMB/ton, and the average price of nitric acid on December 9 was 2,433 RMB/ton, which was temporarily stable.
Analysis review
Ningxia Runxia Energy&Chemical Co., Ltd. has an annual output of 150,000 tons of concentrated acid. On December 9, 98 concentrated nitric acid was quoted at 2,650 RMB/ton, and the price was raised. Most of the downstream people stayed on the sidelines, and most of the goods 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 delivery of nitric acid was average, and there was no good news to boost the market.
During 12.05-12.09, the upstream liquid ammonia increased by 0.34%. The downstream aniline rose 1.89%, the TDI price was stable, the potassium nitrate price was stable, and the ammonium nitrate price was stable.
Market outlook
Although supported by the cost of liquid ammonia, the prices of potassium nitrate and ammonium nitrate in the downstream are stable. Nitrate analysts of SunSirs predict that the price of nitric acid may be mainly shock finishing.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-15 SunSirs: The Price of Nitric Acid Weakly Rose This Week (April 8-12)
- 2024-04-01 SunSirs: The Price of Nitric acid had dropped this month (March 1-28)
- 2024-03-25 SunSirs: The Price of Nitric Acid Was Weak and Falling This Week (March 18-21)
- 2024-03-18 SunSirs: The Price of Nitric Acid Had Been Weak and Falling This Week (March 11-15)
- 2024-03-08 SunSirs: The Price of Nitric Acid Has Been Weak and Falling This Week (March 4-8)
