Price trend
According to the monitoring of SunSirs, the average price of nitric acid on October 31 this week was 2,366 RMB/ton, and the average price of nitric acid on November 4 is 2,366 RMB/ton, which was temporarily stable.
Analysis review
Ningxia Runxia Energy Chemical has an annual output of 150,000 concentrated acid. On November 4, the ex factory quotation of 98 concentrated nitric acid was 2,450 RMB/ton, which was temporarily stable. The market supply of nitric acid was average. Shaanxi Xinghua Chemical has an annual nitric acid production capacity of 100,000 tons, and the quotation of concentrated nitric acid was 2,150 RMB/ton, which was the same as that at the beginning of the week. The nitric acid market lacked the support of good news, and the goods were sold slowly.
During 10.31-11.4, the upstream liquid ammonia increased by 0.89%. Downstream aniline fell 0.51%, TDI fell 2.21%, potassium nitrate fell 1.42%, and ammonium nitrate fell 1.42%. The cost support of liquid ammonia is weak, and the prices of aniline and TDI in the downstream are weak and falling.
Market outlook
Nitrate analysts in SunSirs predict that the price of nitric acid may be mainly shock finishing.
