May 12 News
On May 12, the nitric acid market experienced limited supply with relatively tight availability. The mainstream negotiated average price for 98% concentrated nitric acid ranged from RMB 1,350 to 1,450 per ton, up by RMB 50 per ton. According to Chempricehub's assessment of nitric acid, the long-short rating is 1. Currently, the limited supply and tight availability of nitric acid, with the 98% concentrated nitric acid mainstream negotiated average price in the range of RMB 1,350-1,450 per ton and a single-day price increase of RMB 50 per ton, support the spot price strength driven by a tight supply-demand fundamental, forming a generally positive impact on the market.