April 16th News - On April 16th, the supply of nitric acid in the Shandong market was limited, with relatively tight availability. The latest ex-factory price for 98% concentrated nitric acid is around 1,600 yuan per ton, representing an increase of 50 yuan per ton. Chempricehub Analysis of Nitric Acid, Bull-Bear Score: 1. The article indicates that the supply of nitric acid in the Shandong market is limited, with tight availability, and the ex-factory price for 98% concentrated nitric acid has risen by 50 yuan per ton to around 1,600 yuan per ton. The supply shortage directly drives up spot prices, reflecting strong demand, which is favorable for the nitric acid spot market. It is expected that prices may remain high or continue to rise in the short term, with positive factors including supply-side constraints and potential demand support.