The nitric acid market is weak in the short term

Nitric acid prices fell deeply in August, falling 19.

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

"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

While 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