SunSirs: The Price of Nitric Acid Had Dropped This Week (January 29-February 2)

https://www.chemnet.com   Feb 04,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on January 29th this week was 2,033 RMB/ton, and it was 2,000 RMB/ton on February 2nd, with a price drop of 1.64%.

Analysis review

The price of concentrated nitric acid had fallen, pre holiday stocking had ended, manufacturers had gradually stopped quoting, and market transactions had been weak. Industry insiders mainly focused on inquiries and pay close attention to market transactions.

From January 29th to February 2nd, the upstream liquid ammonia price decreased by 1.23%, the downstream aniline price increased by 3.98%, the potassium nitrate price remained stable, and the TDI price increased by 0.59%.

Market outlook

The market had gradually stopped quoting, and customers in demand for dyes, pesticide intermediates, and other products had weak purchasing power. Nitric acid analysts from SunSirs predict that nitric acid prices may mainly fluctuate to be weaker.

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