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Article: Price of concentrated nitric acid will gradually stabilize.(Inorganics)
- Article from:
- China Chemical Reporter
- Article date:
- May 16, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At present, most of the concentrated nitric acid expansion projects constructed in recent years have already gone into operation, and there will be no major moves to further increase capacity within the next year or two. The market share of each producer is relatively stable, too. All these factors will be conducive to the stability of prices.
In 2008, China's concentrated nitric acid output was 1.84 million tons, down 6% from 2007. The average price rose all the way from RMB1 500/t early that year to the highest RMB4 100/t in July--an increase of 173 percent! From early August, the price began to come down again and dropped to RMB 1 400/t at the end of the year.