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Chempricehub Alert: Spot price of nitric acid rises supported by cost factors.
Published on 2026-03-02
March 2nd News: On March 2nd, 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 in the Shandong region has risen by 10 RMB/ton to 1,450–1,550 RMB/ton, driven by cost support. This suggests that rising raw material costs are pushing up spot prices, reflecting tight market supply or stable demand, which generally supports spot prices. The score is +1, as the increase is relatively small (approximately 0.7%) and does not reach the level of a significant positive factor, but it does support a short-term upward price trend.