Price Trend Chart of Nitric Acid Market
Nitric acid price curve
(Photo Source: Business Association Commodity Analysis System)
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According to the monitoring of business associations, the average spot price of nitric acid in eastern China on August 6 was 1693 yuan/ton, which was 1.36% lower than that of last week.
II. Market Analysis
Products: This week, the price of nitric acid in the domestic market fell. The price quoted by mainstream manufacturers in Jiangsu was 1,680 yuan/ton. The quotation was slightly lowered. Anhui mainstream manufacturers quoted 1700 yuan per ton, the quotation is temporarily stable. Shandong manufacturers quoted 1700 yuan/ton, the prices of manufacturers are basically stable, individual manufacturers quoted slightly declined, nitric acid shipment situation is general.
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Industry chain: liquid ammonia, the upstream raw material of nitric acid, the quotation is temporarily stable. Downstream TDI, East China TDI market disadvantaged consolidation, the overall atmosphere in the field continued to be light. Downstream aniline, on August 6, the market price of aniline in Shandong was 5,500 yuan/ton, down 70 yuan/ton from the previous day, while that in Nanjing was 5,900 yuan/ton, down 100 yuan/ton from the previous day.
3. Future Market Forecast
Nitric acid analysts of business associations believe that the nitric acid market may adjust the disadvantage mainly.
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