According to the monitoring of the Commodity Market Analysis System of the Business Society, the average price of nitric acid on October 30th this week was 2083 yuan/ton, and on November 3rd it was 2050 yuan/ton, a price drop of 1.60%.
On November 3rd, the center of gravity of the concentrated nitric acid quotation continued to shift downwards, resulting in slow factory shipments and normal operation of the acid plant equipment. The market urgently needed a boost, and there was no increase in downstream transactions.
During the period from 10.30 to 11.3, the upstream liquid ammonia price decreased by 0.84%, the downstream aniline price increased by 2.82%, the TDI price decreased by 3.39%, and the potassium nitrate price increased by 0.93%. At present, the main downstream aniline factories are experiencing weak acid recovery, and the demand for pesticides, pickling and other industries is not good. Nitric acid analysts from Business Society predict that the price of nitric acid may be mainly fluctuating and weak.
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