May 11 News

On May 11, the Shandong nitric acid market saw limited supply and relatively tight availability. The latest ex-factory price for 98% concentrated nitric acid ranged from 1,450 to 1,550 RMB/ton, up by 50 RMB/ton.

According to Chempricehub's assessment, the bull/bear rating for nitric acid is currently 1. The limited supply and tight availability in the Shandong market, along with an ex-factory price increase of 50 RMB/ton to 1,450–1,550 RMB/ton, indicate that spot market fundamentals remain strong, supporting prices and overall being positive for the nitric acid market.