March 25th News
On March 25th, 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 1,450 RMB per ton, reflecting a price increase of 50 RMB per ton.

Chempricehub Analysis of Nitric Acid:
Bull-Bear Score: 1.5

The article highlights that the nitric acid market is characterized by limited supply and relatively tight availability, leading to a mainstream negotiated average price of 1,250–1,450 RMB per ton for 98% concentrated nitric acid, with a price increase of 50 RMB per ton. The core driving factor is the supply shortage, indicating strong market demand or constraints on the production side, which significantly benefits spot prices. The price increase of approximately 3.8% (calculated based on an average price of 1,300 RMB per ton) suggests a bullish market sentiment. It is anticipated that spot prices may maintain an upward trend in the short term, which is favorable for traders and production enterprises.