Price Trend Chart of Nitric Acid Market
Nitric acid price curve
(Photo Source: Business Association Commodity Analysis System)
According to the monitoring of business associations, the price of nitric acid in China was temporarily stable this week, with an average price of 1783 yuan/ton.
II. Market Analysis
Products: This week, the domestic nitric acid market price is temporarily stable, Jiangsu mainstream manufacturers quoted 1,750 yuan per ton. Anhui mainstream manufacturers quoted 1850 yuan per ton. Shandong manufacturer quoted 1750 yuan/ton. The supply of nitric acid is not large, the quotation of the manufacturer is stable, and the nitric acid is in good condition.
Industry chain: the upstream raw material of nitric acid is liquid ammonia. The domestic market of liquid ammonia has been sorted out slightly. The market performance is weak. The market turnover is still acceptable. Most manufacturers’quotations are stable. The quotations of manufacturers in the northern region are maintained in the range of 3050-3700 yuan/ton. The quotations in the northwest region are above and below 2900-3100 yuan/ton. Downstream aniline, June 20, Shandong aniline Market Price 5700 yuan / ton; Nanjing aniline market price 6050 yuan / ton.
3. Future Market Forecast
In summary, Nitric acid analysts believe that the nitric acid market will continue to operate strongly in the short term.