Nitric Acid Price in China Edges Up 0.1% to USD 194.71/tonne
Weekly gains come against a backdrop of month-on-month and year-on-year declines, with prices sitting close to their 52-week low.
Nitric acid prices in China stood at USD 194.71/tonne as of 2026-09-04, up 0.1% from USD 194.42/tonne on 2026-08-28. The monthly comparison shows a decline of 0.9%, from USD 196.54/tonne on 2026-08-05, while the quarter change stands at -3.8%, from USD 202.49/tonne on 2026-06-05. Year on year, the price is down 5.6%, from USD 206.33/tonne on 2025-09-04.
The 52-week high is USD 240.19/tonne, recorded on 2025-12-03, and the 52-week low is USD 192.81/tonne, set on 2026-08-18.
Mysteel reported that nitric acid market prices rose in Shandong by 25 RMB/ton on 2026-08-25, driven by higher raw material liquid ammonia costs and moderate downstream demand.
Claight market monitoring shows prices fell 2.45% in July 2026 as strong supply and weak downstream demand from the fertilizer and chemical sectors persisted. Claight market monitoring also recorded a decline of 0.51% in the week ending 2026-08-14, attributed to sluggish fertilizer and chemical sector demand despite rising liquid ammonia costs. Earlier, Claight market monitoring shows prices fell 0.73% during the week of 2026-06-22 to 2026-06-26, as plant shutdowns and output reductions failed to offset weak downstream demand and high inventory pressure.