Price Trend Chart of Nitric Acid Market

Nitric acid price curve

(Photo Source: Business Association Commodity Analysis System)

The average price of nitric acid in eastern China was 2466 yuan/ton on September 24, up 43.69% from 1716 yuan/ton in eastern China last week, according to the monitoring of business associations.

II. Market analysis

Products: Concentrated nitric acid prices continued to rise substantially on September 24. Jiangsu Hongze Yinzhu Chemical quoted 2600 yuan/ton, up 650 yuan/ton from last week’s quotation (17 days); Anhui Jinhe quoted 2500 yuan/ton, up 450 yuan/ton from last week’s quotation (17 days); Shandong Helitai quoted 2300 yuan/ton, up 500 yuan/ton from last week’s quotation (17 days). Anhui Audley quoted 2460 yuan/ton, 410 yuan/ton higher than last week’s (17) quotation; Wenshui County synthetic chemical quotation 2350 yuan/ton, 50 yuan/ton higher than the 23-day quotation. With the National Day approaching, there are more parking overhauls for manufacturers, tight supply of concentrated nitric acid market, difficulty in picking up goods, better demand for festivals, positive market stocks, and multiple positive factors to promote the price of concentrated nitric acid soaring.

Industry chain: the upstream raw material of nitric acid, liquid ammonia, according to the monitoring of business associations, last week (9.16-20) the domestic market of liquid ammonia was stable and small. Some enterprises in Shandong had a slight increase of 50-100 yuan/ton. At present, the local ammonia quantity is tight, and there is no pressure for enterprises to ship, but the manufacturers with large ammonia quantity are mainly stable, and the mainstream quotation in Shandong is 2900-3100. Yuan / ton. The market price of aniline in Shandong was 7 300-7 400 yuan/ton last week (9.16-20), while that in Nanjing was 7 600 yuan/ton, an increase of 12.63% over the previous week, according to the monitoring of commercial associations.

3. Future Market Forecast

Affected by environmental protection inspection and enterprise pre-holiday maintenance, limited production or parking of enterprises, tight supply of concentrated nitric acid Market and increased demand before the festival. Nitric acid analysts of business associations believe that the nitric acid market will be mainly strong operation.