1、 Price trend chart of nitric acid Market

Nitric acid price curve

According to the monitoring of business agency, the average price of nitric acid in East China at the end of this week was 1500 yuan / ton, while the average price at the beginning of this week was 1516 yuan / ton, down 1.1%.

2、 Market analysis

Products: the price of concentrated nitric acid is weak, the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. is 1300-1400 yuan / ton, the same as that of last week; the quotation of Anhui Jinhe Chemical Co., Ltd. is 1350-1400 yuan / ton, the price is 50 yuan / ton lower than that of last week; the quotation of Shandong helitai Chemical Co., Ltd. is 1700 yuan / ton, the same as that of last week; the trading of nitric acid market is weak.

Industry chain: upstream liquid ammonia, this week (4.20-23), the domestic liquid ammonia market fell slightly, most manufacturers reported stable, some manufacturers were affected by inventory pressure, slightly reduced the price, there was a downward movement in the middle of the week, the range was 50-100 yuan / ton; downstream aniline, this week’s price downward.

3、 Future forecast

To sum up, negative factors hit, business analysts expect to continue weak operation.