March 4th News
On March 4th, supported by cost factors, the mainstream negotiated prices have seen an upward adjustment. The mainstream transaction price in the Shandong region is between 1,450 and 1,550 RMB/ton, with an increase of 10 RMB/ton.
Chempricehub Analysis of Nitric Acid, Bull-Bear Score: +1
The article indicates that the spot price of nitric acid has risen by 10 RMB/ton due to cost support, with the mainstream transaction price in the Shandong region increasing from 1,450–1,550 RMB/ton. This suggests that rising raw material costs are driving up spot prices, reflecting tight market supply or stable demand, which provides favorable support for nitric acid spot prices. Although the price increase is not significant, the clear upward trend justifies a rating of moderately bullish +1.