SunSirs: Domestic Nitric Acid Prices Weakened

　　Price trend

　　According to the monitoring of SunSirs, the average price of concentrated nitric acid in the domestic area was 3,430 RMB/ton on October 22, and the average price of concentrated nitric acid in the domestic area was 3,353 RMB/ton on October 25, down 2.24%.

　　Analysis review

　　On October 26, Anhui Jinhe’s concentrated nitric acid price was 3,200 RMB/ton, which was 200 RMB/ton lower than last week; On October 25, Wenshui County Synthetic Chemical Co., Ltd. quoted a price of 3,460 RMB/ton for concentrated nitric acid, which was 230 RMB/ton lower than last week, and the factory was going to stop production for maintenance; On October 25, Shaanxi Xinghua Chemical’s factory price of concentrated nitric acid was 2,950 RMB/ton, which was the same as last week; On October 25th, Hongze Yinzhu Chemical Group Co., Ltd. And Huai’an Diamond Chemical Co., Ltd. quoted a price of 3,200 RMB/ton for concentrated nitric acid; On October 26, Anhui Audley’s concentrated nitric acid price was 3,150 RMB/ton, which was 250 RMB/ton lower than last week.

　　Market outlook

　　The supply of nitric acid has recovered somewhat, and the market sales are general. The price of concentrated nitric acid is mainly adjusted downward.