In August, the domestic concentrated nitric acid market was mainly stable. Due to the hot weather, the maintenance plans for general nitric acid enterprises are arranged in the months of July and August, resulting in tight resources and good prices for the entire market. However, since the beginning of this year, the price of nitric acid started higher and the average price has exceeded 2,000 yuan/ton. Therefore, in July and August, the space for price increase was limited and the increase was modest. However, the actual price was still at a level compared with the same period of last year. High level. According to statistics, the average price of domestic nitric acid market in June increased by 34% year-on-year; in July, it increased by 9.23% year-on-year; in August, it rose by 20.48% year-on-year.
In September, the domestic nitric acid market situation was as follows: Since the annual planned major overhaul of enterprises such as the western Hubei chemical plant and the Anhui Huaihua Group had been completed, the production was gradually resumed and the output was increased. In the downstream market of nitric acid, the price of (ortho)nitrochlorobenzene is somewhat stagnant, and the price of aniline has risen steadily, playing a certain role in supporting the market price of nitric acid.
It is expected that the market price curve of concentrated nitric acid should continue upwards in late September. However, this year is different from previous years in that many nitric acid expansion devices will be put into operation in the second half of the year. Due to the excessive concentration of resources, coupled with the psychological pressure from market operators, it is expected that the increase in nitric acid prices will be limited.
In September, the domestic nitric acid market situation was as follows: Since the annual planned major overhaul of enterprises such as the western Hubei chemical plant and the Anhui Huaihua Group had been completed, the production was gradually resumed and the output was increased. In the downstream market of nitric acid, the price of (ortho)nitrochlorobenzene is somewhat stagnant, and the price of aniline has risen steadily, playing a certain role in supporting the market price of nitric acid.
It is expected that the market price curve of concentrated nitric acid should continue upwards in late September. However, this year is different from previous years in that many nitric acid expansion devices will be put into operation in the second half of the year. Due to the excessive concentration of resources, coupled with the psychological pressure from market operators, it is expected that the increase in nitric acid prices will be limited.
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