April 27 News – On April 27, the nitric acid market saw limited supply with relatively tight availability. The mainstream negotiated average price of 98% concentrated nitric acid ranged between 1,350 and 1,450 RMB/ton, up by 50 RMB/ton. According to Chempricehub’s analysis of nitric acid, a bullish-bearish rating of 1 point was assigned. The article indicates that limited supply and tight availability in the nitric acid market have driven up the mainstream negotiated average price of 98% concentrated nitric acid by 50 RMB/ton to the range of 1,350–1,450 RMB/ton. The supply shortage has directly pushed up spot prices, reflecting strong demand, and generally exerts a moderately positive impact on the spot market.