April 30 News
On April 30, the nitric acid market experienced limited supply, resulting in relatively tight availability. The mainstream negotiated average price of 98% concentrated nitric acid ranged between 1,350 and 1,450 CNY/ton, representing an increase of 50 CNY/ton. According to Chempricehub's analysis of nitric acid, the bullish-bearish score stands at 1. As of April 30, the domestic nitric acid market faced limited supply, with relatively tight inventory. The mainstream negotiated average price of 98% concentrated nitric acid remained in the range of 1,350–1,450 CNY/ton, up 50 CNY/ton from previous levels. The fundamentals of spot supply remain tight, providing supportive momentum for nitric acid prices.