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Since July, Sinochem News, the domestic nitric acid market has clearly strengthened, and prices have continued to hit new highs during the year
.
At present, the average market price of nitric acid is 2600 yuan (ton price, the same below), and the high-end quotation has exceeded 3,000 yuan, an increase of 26.
According to industry analysts, there are three main reasons for the sharp increase in the price of nitric acid:
First, the market for raw liquid ammonia is pushing up
.
Due to the large number of maintenance devices and the impact of heavy rains, the operating rate of nitrogen fertilizer companies has dropped to less than 70%, the supply of liquid ammonia has decreased, and the price has continued to rise
The second is the tight market supply
.
In July, the main acid plant reduced production or production was not smooth, the supply was severely reduced, and the supply and demand of the nitric acid market was clearly out of balance
The third is the improvement of downstream demand
.
Since mid-July, the aniline and TDI markets downstream of nitric acid have shown a bottom-up trend
According to Baichuan Yingfu, the temperature is generally high from July to August.
Due to the particularity of the equipment in the acid plant, it is common for the boiler to be overhauled, and the cargo tightening situation remains deadlocked
.
At present, the high-priced sources of goods in the southern market may bring about chasing growth in some regions.
