April 3rd News
On April 2nd, the mainstream negotiation price for 98% concentrated nitric acid in the Jiangsu market was mostly referenced at 1,300–1,350 yuan/ton, representing an increase of 50 yuan/ton. Acid plant facilities are operating normally, and actual transaction prices are negotiable.
Chempricehub Analysis of Nitric Acid, Bull-Bear Score: +1
The article indicates that the spot price of 98% concentrated nitric acid in the Jiangsu market has increased by 50 yuan/ton to 1,300–1,350 yuan/ton. Acid plant facilities are operating normally, and actual transaction prices are negotiable. The price rise suggests stronger market demand or tightening supply, which is favorable for the spot market. The score is +1.0 (moderately bullish), as the increase is moderate, reflecting relatively strong market supply and demand but not a major shift.
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