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 the business agency, the average price of nitric acid in East China last week was 1766 yuan / ton, while that in East China on October 28 was 1750 yuan / ton, down 0.94%.

II. Market analysis

Product: the price of concentrated nitric acid continued to fall. On October 28, Jiangsu Hongze Yinzhu Chemical Co., Ltd. offered 1600 yuan / ton, which was stable; Anhui Jinhe offered 1650 yuan / ton, which was 50 yuan / ton lower than last week’s offer. The market performance of nitric acid is still poor, the weak quotation of manufacturers tends to stabilize, and the prices of some manufacturers are slightly reduced.

Industrial chain: liquid ammonia, the raw material of the upstream of nitric acid, is mainly stable in the domestic liquid ammonia market according to the monitoring of the business association. The average market price of liquid ammonia was 3150 yuan / ton in the week of the 21st, and the manufacturer reported stability.

III. future forecast

The terminal demand of nitric acid market is still weak. According to the nitric acid analysts of the business association, the nitric acid market will still fluctuate in a narrow range.