March 23rd News
On March 23rd, the nitric acid market experienced limited supply with relatively tight availability. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,250 and 1,500 RMB per ton, marking an increase of 100 RMB per ton.

Chempricehub's analysis of nitric acid assigns a long-short rating of +1.5. The article highlights the limited supply and relatively tight availability in the nitric acid market, with the mainstream negotiated average price for 98% concentrated nitric acid rising by 100 RMB per ton to the range of 1,250–1,500 RMB per ton. The supply shortage directly drove up spot prices, reflecting strong demand or constrained production capacity, which is favorable for the long side of the spot market. The price increase is significant (approximately 8%–10%) but not an extreme event, hence the rating of +1.5.