Market Review: The Chinese concentrated nitric acid fluctuated down RMB 50-100/mt. The sales slowed down. The supply in Shandong, Henan, Anhui, Jiangsu and Zhejiang increased and the demand was soft. Up to December 7, the mainstream negotiation prices of 98% nitric acid were around RMB 1,767/mt, down 2.27% from last week and increased 35.40% from the same period of last year. The liquid ammonia prices went down, and the support to the nitric acid became weak. Moreover, the demand for nitric acid from aniline, TDI, dyes was soft.
Running Status: Units in Hualu Hengsheng, Shandong Haili, Dahua, Hongda Chemical and PetroChina Jilin Petrochemical were shut. The overall operating rate was in the range of 60%-70%.
Forecast: The nitric acid market will be flexible. Prices in some regions may decline by RMB 50/mt. The overall trading will continue to be thin. It is predicted that the mainstream dealing prices for 98% nitric acid will be in the range of RMB 1,700-1,800/mt.
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Limited production of ferroalloy and calcium carbide energy consuming industries
15 enterprises with 30 million production capacity of backward carbide
Price supervision in the field of prevention and control of material
Extend the industrial chain and develop the upstream benefit
Overall transformation of Shanxi carbide enterprise system
Finnish paint won the bid for the largest Olympic swimming pool project