According to the monitoring of the Commodity Market Analysis System of the Business Society, the average price of nitric acid on October 16th this week was 2200 yuan/ton, and on October 20th it was 2150 yuan/ton, a price drop of 2.27%.

On October 16th, the center of gravity of concentrated nitric acid quotation continued to shift downwards, and the factory’s shipment pressure was obvious. The acid factory’s equipment was operating normally, and the market supply was stable. There was an urgent need to boost prices and demand was not good.

During the period of 10.16-10.20, the upstream liquid ammonia price increased by 6.54%, the downstream aniline price increased by 2.22%, the TDI price decreased by 0.53%, and the potassium nitrate price decreased by 0.46%. At present, the main downstream aniline factories are experiencing weak acid recovery, and the demand for pesticides, pickling and other industries is not good. Nitric acid analysts from Business Society predict that the price of nitric acid may be mainly fluctuating and weak.