April 7th News
On April 7th, the supply of nitric acid in the market was limited, with relatively tight availability. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,250 and 1,450 yuan per ton, representing an increase of 50 yuan per ton.

Chempricehub Analysis of Nitric Acid:
Bull-Bear Score: 1
The article points out that the supply of nitric acid in the market is limited, with relatively tight availability, and the mainstream negotiated average price for 98% concentrated nitric acid has increased by 50 yuan per ton. This indicates a tight supply-demand relationship in the spot market, with reduced supply leading to a significant price increase, which is favorable for spot prices. Demand remains relatively stable, while supply shortages support upward price movement. It is expected that the spot market may continue to strengthen in the short term.