SunSirs: Supply Might Be Tightened, and Nitric Acid Prices Went Up

Price trend

According to the monitoring of SunSirs, the average price of domestic concentrated nitric acid was 3,100 RMB/ton on September 23, and the average price of domestic concentrated nitric acid was 3,090 RMB/ton on September 16, an increase of 0.32%.

Analysis review

On September 22, the price of Anhui Jinhe’s concentrated nitric acid was 3,000 RMB/ton, an increase of 50 RMB/ton from last week; Wenshui County Synthetic Chemical Co., Ltd., quoted 3,100 RMB/ton for concentrated nitric acid, which was down 20 RMB/ton from last week, the production was limited in the factory, and the factory was ready for maintenance; the ex-factory price of Shaanxi Xinghua Chemical’s concentrated nitric acid was 2,650 RMB/ton, which was the same as last week, and the nitric acid plant was shut down for maintenance; the price of Hongze Yinzhu Chemical’s concentrated nitric acid was 3,500 RMB/ton, an increase of 500 RMB/ton from last week; the price of Anhui Audley’s concentrated nitric acid was 3,050 RMB/ton, which was an increase of 100 RMB/ton from last week.

Market outlook

The sales of nitric acid market are general. Due to industrial power restricted, the supply of nitric acid may be tight, and the price of nitric acid may rise.