I. price trend chart of nitric acid Market

Nitric acid price curve

(photo source: Commodity analysis system of Business Club)

According to the monitoring of business agency, the average weekly price of nitric acid in East China this week was 1683 yuan / ton, while the average weekly price of nitric acid in East China at the weekend was 1650 yuan / ton, down 1.98%.

II. Market analysis

Products: the price of concentrated nitric acid continued to fall, with the quotation of Jiangsu Hongze Yinzhu Chemical Co., Ltd. of 1600 yuan / ton, which was stable; Anhui Jinhe Chemical Co., Ltd. of 1550 yuan / ton, which was 100 yuan / ton lower than last week; Shandong helitai nitric acid Co., Ltd. of 1800 yuan / ton, which was stable. Anhui Audley offered 1580 yuan / ton, 20 yuan / ton lower than last week’s offer; Wenshui County synthetic chemical offered 1980 yuan / ton, basically stable. Nitric acid market demand is light, manufacturers offer weak.

Industry chain: liquid ammonia, the raw material of the upstream of nitric acid, according to the monitoring of the business association, the price of liquid ammonia this week is mainly weak. For the downstream aniline, the market price of aniline in Shandong on Friday was 7150 yuan / ton, down 10.1% compared with last week; the market price of aniline in Nanjing was 7530 yuan / ton, down 10.4% compared with last week; the domestic TDI market was weak, and the overall atmosphere in the market was still weak, and the volume of transactions was insufficient.

III. future forecast

To sum up, the nitric acid analyst of the business association thinks that the nitric acid market may be dominated by weak operation.