March 24th News
On March 24th, the mainstream negotiation price for 98% concentrated nitric acid in the Jiangsu market mostly referenced 1,300–1,350 yuan/ton, representing an increase of 50 yuan/ton. Nitric acid plants are operating normally, and actual transaction prices are negotiable.
Chempricehub Analysis of Nitric Acid, Bull-Bear Score: +1
The article indicates that the mainstream price of 98% concentrated nitric acid in the Jiangsu market has increased by 50 yuan/ton to 1,300–1,350 yuan/ton, suggesting stronger demand in the spot market. Despite normal production at acid plants on the supply side, the price rise has not been suppressed, reflecting a tight supply-demand balance. The score is +1 (generally positive), as the significant price increase benefits the spot market, though it does not reach the level of a major event.
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