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Nitric acid prices fell deeply in August, falling 19.
The market fell sharply
The market fell sharply The market fell sharply"This year's nitric acid market has come out of an inverted U-word, and July is a watershed
According to Zhang Yu, the market center of gravity shock bottomed out in August, and enterprises generally reflected that the downstream reception was not good, and some enterprises' quotations fell near
In fact, the domestic concentrated nitric acid market in the first half of this year performed well, which formed a strong contrast with the market in the second half of this year
Shrinking demand is the main cause
Demand contraction is the main cause Demand contraction is the main cause"Weak demand is the root cause
According to Mi Yanbin, as of now, the overall supply of the nitric acid market in 2022 is low, with a significant decline
However, downstream demand began to shrink in July and August, especially in August
Multiple factors have led to a significant contraction in downstream demand, which in turn has dragged down the performance of
Cost loosening and then adding code
Cost loosening and then increasing the cost loose and then adding codeWhile weak demand is dragging the market downward, the loosening of the cost support of the upstream raw material liquid ammonia provides space
Mi Yanbin introduced that the liquid ammonia market performed strongly in the first half of the year, and the average price hit a record high
However, since June, the liquid ammonia market has turned into a downward trend
On the whole, the main downstream demand for nitric acid is still weak
