Concentrated nitric acid market "Autumn"

Entering September, the concentrated nitric acid market did not usher in the "Golden Nine" grand occasion, but continued the weak market at the end of August, and the market became more and more autumnal

Adequate supply of goods, the low end of the market is close

According to He Junsong, a salesperson of Jilin Petrochemical, in September, domestic concentrated nitric acid companies have lowered their ex-factory prices, and the market has fallen below the 3,000 yuan mark

The main reason for this situation is that the supply of concentrated nitric acid market is sufficient and the pressure of production enterprises to sell goods has increased

In Hebei and Henan, Cangzhou Dahua concentrated nitric acid products are sold steadily for export, and the northern market has a loose supply; Xinxiang Yongchang and Jinkai Group's installations in Xinxiang, Henan are almost in full production; Anhui, Jiangsu and Zhejiang concentrated nitric acid plants have some short-term maintenance, but they restart quickly; Hangzhou Longshan has resumed work stably, and Jiangsu Fuqiang recently launched a tender, boosting the industry's enthusiasm for shipments

He Junsong said that entering September, Northwest Jinchang Jinyade resumed stable production, the domestic concentrated nitric acid industry operating rate increased to 63%, and the production enterprises basically maintained full capacity production

Looking at the market outlook, the Zhangqiu Sunyue concentrated nitric acid plant is expected to be opened.

Acid companies are profitable and prices are falling steadily

In August, the synthetic ammonia market as a raw material for concentrated nitric acid rose first and then declined.

　　Wang Chunming, general manager of Shandong Ruiyang Chemical Trading Co.

　　Entering September, the low-load operation of Junhua's liquid ammonia plant and the temporary shutdown of Jinkai's plant for maintenance have significantly tightened the supply of liquid ammonia, which has provided favorable support for the site.

　　"The supply of liquid ammonia in Shandong has been significantly tightened due to environmental inspections, and the nearby companies have stopped recently, which has helped the liquid ammonia market continue to rise

　　In addition, the price of upstream raw material coal has risen, the cost has risen significantly, and the ammonia price still has room to rise

　　Wang Chunming said that the profit margin of concentrated nitric acid companies may be narrowed in the market outlook, but it is still at a high level, and the downstream sentiment of lowering prices is emerging

　　Insufficient demand and negative lead to dominate the market

　　Longzhong Consulting analyst Wang Hongyan said that for aniline downstream of concentrated nitric acid, the market consolidated at a high level in August, with strong shocks

　　In September, the operating rate of the aniline industry was around 79%

　　In terms of downstream demand for aniline, although it is already the "Golden Nine", the demand for downstream rubber additives for aniline remains stable, but the demand for accelerators and antioxidants has shrunk