At the beginning of this week, the average price of nitric acid was 1310 yuan/ton, and over the weekend, it remained stable at 1310 yuan/ton.
The price of concentrated nitric acid remained stable this week, with overall demand from downstream enterprises temporarily stable. Inventory pressure still exists in some areas, which has constrained a significant increase in prices. The market as a whole has maintained weak and stable operation.
During the period of 9.7-9.11, the domestic liquid ammonia market prices entered a volatile upward trend. As the traditional peak season for chemical consumption approaches, downstream industrial demand is expected to gradually improve, and the market may maintain a strong operation, with further upward space for prices. The nitric acid analyst of Shengyi Society predicts that nitric acid prices may mainly fluctuate with a strong trend.