This week’s nitric acid quotation is stable (4.15-4.19)

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.

PVA FIBER

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.

PVA 1799 (PVA BF17)

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.

PVA 1788 (PVA BP17)