Price Trend Chart of Nitric Acid Market
According to the monitoring of business associations, domestic nitric acid prices rose this week, averaging 1 743 yuan/ton at the beginning of the week and 1 760 yuan/ton at the end of the week, up 0.96%.
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II. Market Analysis
Products: This week, the price of nitric acid in domestic market has increased slightly in some areas. The price quoted by mainstream manufacturers in Jiangsu is 1,750 yuan/ton and 50 yuan/ton. Anhui mainstream manufacturers quoted 1850 yuan per ton, up 50 yuan per ton. Shandong manufacturer quoted 1750 yuan/ton. Nitric acid supply is not much, the price has increased slightly, and the nitric acid goods are in good condition.
Industry chain: the upstream raw material of nitric acid, liquid ammonia Market in China is stabilizing, the market turnover is still acceptable, most manufacturers’quotations are stable, the northern region manufacturers’ quotations are maintained in the range of 3250-3700 yuan/ton, and the Northwest region’s quotations are in the range of 3000-3200 yuan/ton. Downstream aniline, May 27, June 5, Shandong aniline market price 5,600 yuan / ton, Nanjing aniline market price 5,950 yuan / ton, price stability, and inventory pressure.
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3. Future Market Forecast
In summary, Nitric acid analysts believe that the nitric acid market will be strong in the short term.
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