SunSirs: The Price of Nitric Acid Had Increased This Week (May 13-17)

https://www.chemnet.com   May 22,2024 SunSirs

　　According to the Commodity Market Analysis System of SunSirs, the average price of nitric acid on May 13th this week was 1,893 RMB/ton, and on May 17th it was 1,926 RMB/ton, with a price increase of 1.76%.

　　Analysis review

　　The price of concentrated nitric acid was stable, with some prices rising. As of May 17th, the nitric acid market was actively inquiring and trading enthusiasm was increasing. Industry insiders were optimistic about the future market and focused on the market transaction situation.

　　From May 13th to May 17th, the upstream liquid ammonia price increased by 4.08%, the downstream aniline price remained stable, the potassium nitrate price increased by 0.51%, and the TDI price remained stable.

　　Market outlook

　　Upstream raw material costs supported, while downstream demand of dyes, pesticide intermediates, and other products was improving. Nitric acid analysts of SunSirs predict that nitric acid prices may mainly fluctuate.

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