April 10th News
On April 10th, the nitric acid market experienced limited supply with relatively tight availability. Nitric acid plant operations in Jiangsu were moderate, with the latest ex-factory price for 68% dilute nitric acid quoted at 850 RMB/ton, representing an increase of 20 RMB/ton.
Chempricehub Analysis of Nitric Acid, Bull-Bear Score: +1
The article highlights that the nitric acid market is facing limited supply and relatively tight availability, with moderate plant operations in Jiangsu. This has led to a 20 RMB/ton increase in the ex-factory price for 68% dilute nitric acid, reaching 850 RMB/ton. The reduction in supply indicates a tightening market balance between supply and demand, providing support for spot prices and constituting a positive influence. The score is +1 (moderately bullish), as the price increase is moderate, reflecting a short-term supply-demand imbalance without reaching the level of a significant event.
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