I. price trend chart of nitric acid Market
Nitric acid price curve
| Sulfamic acid 99.50% |
(photo source: Commodity analysis system of Business Club)
According to the monitoring of business agency, the average price of nitric acid in East China last week was 2233 yuan / ton, and on October 22, the average price of nitric acid in East China fell by 20.90%.
II. Market analysis
Products: the price of concentrated nitric acid continued to decline. On October 22, Jiangsu Hongze Yinzhu Chemical Co., Ltd. quoted 1600 yuan / ton, down 500 yuan / ton compared with the quotation last week; Anhui Jinhe quoted 1700 yuan / ton, down 400 yuan / ton compared with the quotation last week; Shandong helitai quoted 2000 yuan / ton, down 100 yuan / ton compared with the quotation last week. On October 21, Anhui Audley offered 1750 yuan / ton, down 200 yuan / ton compared with last week’s offer; Wenshui County synthetic chemical offered 2200 yuan / ton, flat compared with last week’s offer. The nitric acid market is sluggish, the demand is light, and the manufacturers continue to reduce their prices.
| sulphamic acid |
Industry chain: liquid ammonia, the raw material in the upstream of nitric acid, has seen a slight decline in the domestic liquid ammonia Market, with a drop of 0.52% in the week of 18th. Most of the manufacturers reported a stable decline, some of which were 50-100 yuan / ton. Some of the enterprises in Shandong Province maintained a stable decline, some of which were 50 yuan / ton.
III. future forecast
The demand for nitric acid market is low, and the nitric acid analysts of the business association think that the nitric acid market may continue to be weak, but there is limited space for downward adjustment.
| Sulfamic acid |