Price Trend Chart of Nitric Acid Market
The average price of nitric acid in eastern China was 1693 yuan/ton at the beginning of this week and 1610 yuan/ton at the end of the week, down 4.92%, according to the monitoring of business associations.
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II. Market Analysis
Products: The price of nitric acid in domestic market fell this week. The price quoted by mainstream manufacturers in Jiangsu was 1680 yuan/ton, and the quotation was slightly reduced by 80 yuan/ton. Anhui mainstream manufacturers quoted 1630 yuan per ton, the quotation fell by 70 yuan per ton. Shandong manufacturers quoted 1600 yuan/ton, the manufacturers quoted 100 yuan/ton lower than last week, the manufacturers quoted weak, nitric acid shipment situation is not good.
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Industry chain: upstream raw material of nitric acid, liquid ammonia, August 23 price stability. Downstream Shandong and Hebei factories shut down more, market demand is not good, dragging down the price of nitric acid.
3. Future Market Forecast
Nitric acid analysts at business associations believe that the nitric acid market may be dominated by disadvantaged consolidation.
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