SunSirs: Nitric Acid Prices Increased This Week (June 28-July 2)

　　Price trend

　　According to the monitoring of SunSirs, the average price of concentrated nitric acid at the beginning of the week in China this week was 2,316 RMB/ton, and the weekend average price was 2,350 RMB/ton, an increase of 1.44%.

　　Analysis review

　　On July 1, Anhui Jinhe, the price of concentrated nitric acid was about 2,350 RMB/ton, which was the same as last time; Wenshui County Synthetic Chemical Co., Ltd., the price of concentrated nitric acid was 2,200 RMB/ton, which was the same as last time, and the price of dilute nitric acid was 1,150 RMB/ton; Shandong Helitai, the price of concentrated nitric acid was 2,500 RMB/ton, an increase of 100 RMB/ton from the previous time; Anhui Audley, the quotation of concentrated nitric acid was 2,350 RMB/ton, and the quotation was 50 RMB/ton higher than the previous time. In some areas, the supply of nitric acid was tight, and the shipment was acceptable, and the manufacturers raised their quotations. In some areas, nitric acid was generally sold, and the manufacturer’s price was stable.

　　Upstream liquid ammonia, the domestic production price of liquid ammonia in Shandong rose 0.38% this week. Downstream aniline, the price of aniline stabilized after rising this week. On June 25, the price of aniline in Shandong area was 10,000-10,500 RMB/ton, and the price of aniline in Nanjing area was 10,000-10,300 RMB/ton; On July 2, the price of aniline in Shandong was 10,200-10,300 RMB/ton; the price of aniline in Nanjing was 10,300-10,500 RMB/ton, an increase of 0.65% from last week. This week, the price of downstream TDI in the East China market stabilized temporarily.

　　Market outlook

　　The market demand for nitric acid is acceptable, and the nitric acid analyst of SunSirs predicts that nitric acid may continue to be strong.