I. price trend chart of nitric acid Market
Nitric acid price curve
(photo source: Commodity analysis system of Business Club)
|Sulfamic acid 99.50%|
According to the monitoring of business agency, the average weekly price of nitric acid in East China this week was 1716 yuan / ton, while the average weekly price of nitric acid in East China at the weekend was 1683 yuan / ton, down 1.94%.
II. Market analysis
Products: the price of concentrated nitric acid continued to fall, with the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. being 1600 yuan / ton, the price remained stable; Anhui Jinhe Chemical Co., Ltd. being 1650 yuan / ton, the quotation remained stable; Shandong helitai concentrated nitric acid Co., Ltd. being 1800 yuan / ton, the quotation was 100 yuan / ton lower than the last time. Anhui Audley offered 1600 yuan / ton, 150 yuan / ton lower than last week’s offer; Wenshui County synthetic chemical offered 1980 yuan / ton, 40 yuan / ton lower than last week’s offer. The demand of nitric acid market is poor, and the quotation of some enterprises is down.
Industry chain: liquid ammonia, the raw material of the upstream of nitric acid, is mainly in a weak decline this week according to the monitoring of the business association. Downstream aniline, in Shandong and Nanjing this week, the price of aniline stopped rising and turned down. The market price of aniline in Shandong is 7950 yuan / ton, while that in Nanjing is 8400 yuan / ton, down 1.22% compared with last week.
III. future forecast
The cost support is weak, and the nitric acid market demand is poor. According to the nitric acid analyst of the business association, the nitric acid market will still operate at a low level.