Price Trend Chart of Nitric Acid Market

According to the monitoring of business associations, the price of nitric acid in China has stabilized this week, with an average price of 1,560 yuan per ton.

II. Market Analysis

Products: This week, the domestic nitric acid market price continued to stabilize, the mainstream manufacturers in Jiangsu Province quoted 1,550-1,600 yuan/ton, Anhui Province quoted 1,500-1,600 yuan/ton, South China quoted 1,950 yuan/ton, the situation of nitric acid in various places has not improved, the price is stable.

Industry chain: The market performance of raw material liquid ammonia in upstream nitric acid is stabilizing, the price fluctuates slightly, the transaction is slightly deadlocked, the majority of manufacturers report stable, some manufacturers increase slightly, the inventory pressure of manufacturers is general. Downstream products TDI price market rose slightly.

3. Future Market Forecast

In summary, Nitric acid analysts of business associations believe that the market for nitric acid may increase slightly in the short term.

According to the data monitored by business associations, the price of domestic carbon black quoted 6,900 yuan/ton on April 15, with a small fluctuation and a price fluctuation range of 100-300 yuan/ton. This month, the volatility of carbon black market is mainly upward.

Domestic carbon black sales are still acceptable, wait-and-see atmosphere exists, and the quotation is still mainly stable. At present, the domestic quotation for N220 wet carbon black is about 6900 yuan/ton. Benefiting from the warming up of infrastructure and the improvement of liquidity, the downstream tire industry’s start-up rate and profit margin have recovered, thus driving the carbon black industry to a better development.

Future market forecast: Carbon black market is expected to stabilize in the future and rebound slightly.

On April 14, Baku TREND.AZ reported that the Azerbaijani Cabinet decided to abolish import tariffs of 15% on TS-1 fuel, K-20 lighting kerosene and KT-2 technical kerosene for jet engines from May 15, 2019 to January 1, 2020. According to another Cabinet decision, a consumption tax of 1 manat per ton is imposed on these types of fuels. The decision will also take effect from 15 May 2019 to 1 January 2020.

Potassium fertilizer prices in Europe fluctuated moderately as suppliers were pushing up the price of potash fertilizer in the second quarter. Some buyers gave prices far below the quoted price level, while some suppliers said that the CIF price of granular potassium chloride was as high as 305 euros (ton price, the same below), and the game between the two sides intensified.

The demand for granular potassium chloride in Southeast Asia is low. The Thai government raised the retail price of major fertilizers, but the increase did not stimulate consumption, while severe drought reduced market demand and prices. Vietnam’s Mekong Delta region usually starts to apply for fertilizer in March, and sales have declined due to lack of rainfall. With high inventories and delayed demand, Vietnam’s imports are also affected.

Last week, the price of potassium chloride remained stable and the price of potassium sulfate in East Asia fell. Since the abolition of export tariffs, the export volume of potash fertilizer in China has increased sharply, which may continue in the case of weak domestic market. Export market competition is intensifying.

It is reported that if the market demand meets the supplier’s expectations, the price of Brazilian granular potassium chloride may rise. The supplier does not give any reason for the price increase. If negotiation fails to reach an agreement, the buyer is prepared to reduce the purchase volume. The price of granular potassium chloride in Southeast Asia will remain stable. The price of granular potassium chloride in Northwest Europe may be in line with the new quarterly price to be announced by K+S in early May.

On April 14, the hydrofluoric acid commodity index was 91.65, which was the same as yesterday. It was 34.74% lower than the peak of 140.43 points in the cycle (2018-02-21), and 71.02% higher than the low of 53.59 points on November 30, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the price trend of domestic hydrofluoric acid market is temporarily stable in the near future. As of the 15th day, the domestic market price of hydrofluoric acid is 10,100 yuan/ton. The domestic start-up rate of hydrofluoric acid is about 60%. Enterprises reflect that the supply of hydrofluoric acid on-site is normal at present, the situation of on-site shipment is poor in the near future. Some enterprises have increased their hydrofluoric acid stocks, and the ex-factory price has slightly decreased. Recently, due to the weak price of raw materials market. The market price of hydrofluoric acid is declining. At present, the mainstream of hydrofluoric acid negotiations in the southern region is about 9500-10500 yuan/ton, while the price of hydrofluoric acid in the northern market is 9500-10500 yuan/ton. Domestic hydrofluoric acid market prices remain low, spot supply is sufficient, due to the recent weakness of the raw material market trend, fluorite price trend is slightly lower, which has a negative impact on hydrofluoric acid, hydrofluoric acid market price trend is temporarily stable.

Recent downstream refrigerant products start at a low level, the upstream fluorite and hydrofluoric acid demand is general, the recent downstream refrigerant trading market is general, hydrofluoric acid products prices are temporarily stable. Recent downstream refrigerant market transactions are cool, R22 refrigerant facility starts at 60%, R22 market facility start-up rate is temporarily stable, the main manufacturer of bulk water factory offer price is between 18,000-19,000 yuan/ton, but the manufacturer does not have bulk water spot, mainly a small number of cylinders shipped. In addition, the actual demand side of the market has not changed much, and the delivery market has increased. The domestic market price of R134a is declining, the start-up rate of production enterprises is low, the refrigerant market demand is general, and the manufacturers mainly export their products. However, the on-site transaction price does not change much. Businessmen buy on demand. Recently, due to the poor market situation, the price trend of hydrofluoric acid market has been slightly lower.

Refrigerant field transactions are general, refrigerant industry equipment start-up rate remains low, for upstream hydrofluoric acid market demand is normal, but upstream fluorite prices are weak, Business Analyst Chen Ling believes that the hydrofluoric acid market may be slightly lower.