May 19 – On May 19, the nitric acid market saw limited supply with relatively tight availability. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,350 and 1,450 yuan per ton, reflecting a single-day increase of 50 yuan per ton.

Chempricehub analysis of nitric acid: Bullish/Bearish Score: +1

On May 19, the domestic nitric acid market experienced limited supply, resulting in relatively tight availability. The mainstream negotiated average price for 98% concentrated nitric acid stood between 1,350 and 1,450 yuan per ton, with a single-day price increase of 50 yuan per ton. The supply-side tightness provided favorable support to nitric acid spot prices.