SunSirs: Nitric Acid Prices Rose on July 13

　　Price trend

　　According to the monitoring of SunSirs, the average price of concentrated nitric acid in China last week was 2,400 RMB/ton, and the average price on July 13 was 2,450 RMB/ton, an increase of 2.08%.

　　Analysis review

　　On July 13th, Anhui Jinhe’s concentrated nitric acid price was about 2,650 RMB/ton, which was 150 RMB/ton higher than last time; Wenshui County Synthetic Chemical Co., Ltd. quoted 2,200 RMB/ton for concentrated nitric acid and 1,150 RMB/ton for dilute nitric acid, the quotation of concentrated nitric acid was the same as last time; Shandong Helitai’s concentrated nitric acid quotation was 2,500 RMB/ton, which was the same as last time; Anhui Audley’s concentrated nitric acid quotation was 2,700 RMB/ton, and the quotation was 200 RMB/ton higher than last time; the ex-factory price of concentrated nitric acid from Shaanxi Xinghua Chemical was 2,350 RMB/ton, an increase of 150 RMB/ton from the previous time; the price of concentrated nitric acid from Jiangsu Hongze Yinzhu Chemical was 2,450 RMB/ton, which was 100 RMB/ton higher than the previous price. The supply of nitric acid was tight, downstream trading was acceptable, and the quotation was raised.

　　Upstream liquid ammonia, according to the monitoring of SunSirs, the weekly (July 5-9) increase of liquid ammonia is 0.38%. Downstream aniline, this week (July 3-9) aniline market weakly weakened, the average price fell 2.58% from last week. Downstream TDI, the price of TDI in the East China market rose 3.37% this week (July 5-13).

　　Market outlook

　　The supply of nitric acid is tight, and the market trading situation is fair. The nitric acid analyst of SunSirs predicts that nitric acid may continue to be a strong trend.