April 24 News

On April 24, the nitric acid market in Shandong saw limited supply and relatively tight availability. The latest ex-factory price of 98% concentrated nitric acid was around 1,600 yuan/ton, up by 50 yuan/ton.

Chempricehub Review of Nitric Acid | Bullish-Bearish Score: 1

Analysis Rationale:
The report indicates limited supply and tight availability in the Shandong nitric acid market. The ex-factory price of 98% concentrated nitric acid rose by 50 yuan/ton to approximately 1,600 yuan/ton. This suggests contraction in spot market supply and relatively strong demand, driving up prices and providing positive support for nitric acid spot markets.

Bullish Score: +1.0 (Moderately Bullish) — The price increase is notable but not an extreme event, representing a short-term supply-driven positive impact.