| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Nitric Acid | China | FOB | USD 202.53/MT | June 2026 |
| Nitric Acid | USA | FOB | USD 357.48/MT | June 2026 |
| Nitric Acid | Germany | FOB | USD 324.02/MT | June 2026 |
| Nitric Acid | India | FOB | USD 290.53/MT | June 2026 |
| Nitric Acid | Japan | CIF | USD 235.53/MT | June 2026 |
| Nitric Acid | China | FOB | USD 210.27/MT | May 2026 |
| Nitric Acid | USA | FOB | USD 329.46/MT | May 2026 |
| Nitric Acid | Germany | FOB | USD 303.72/MT | May 2026 |
| Nitric Acid | India | FOB | USD 279.27/MT | May 2026 |
| Nitric Acid | Japan | CIF | USD 210.27/MT | May 2026 |
Stay updated with the latest Nitric Acid prices, historical data, and tailored regional analysis
Asia
In Q2'26, Nitric Acid prices in China increased to ~RMB 1.40/kg in April and ~RMB 1.42/kg in May, showing a ~1.9% increase. The market strengthened initially due to higher ammonia costs and improved downstream activity. Liquid ammonia prices increased during April, supporting production costs and supplier offers. However, conditions weakened in May and June as ammonia prices declined, reducing cost support and encouraging producers to lower prices. Demand from aniline, dye intermediates and metal pickling applications weakened, while lower downstream operating rates and rising inventories pressured the market. By the end of Q2, prices had returned close to early-quarter levels as supply availability improved and buyers remained cautious.
Europe
Nitric Acid prices in Germany increased to ~EUR 0.25/kg in April and ~EUR 0.26/kg in the following month, showing a ~5.4% increase. European markets received support from higher ammonia, energy and industrial input costs during April. Supply conditions were also affected by disruptions in the broader nitrogen market, which increased cost pressure for producers. However, demand weakened later as fertilizer purchasing slowed and customers resisted higher prices. Industrial activity remained moderate, limiting nitric acid consumption in metal treatment, chemicals, dyes and other manufacturing applications. The market moved toward stable conditions as cost pressure eased and demand remained cautious.
North America
Nitric Acid prices in the United States declined to ~USD 410.16/MT in April and ~USD 329.46/MT in May, showing a ~19.7% decrease. Despite lower reported prices, the market faced strong cost pressure from higher ammonia and natural gas expenses. Nitrogen product prices remained supported by elevated feedstock costs and restricted supply conditions. Demand from mining, fertilizer and industrial applications provided support, with mining activity improving during the quarter and supporting explosives-related consumption. However, general manufacturing demand remained moderate, limiting broader price increases. Planned maintenance activities also affected supply availability during the quarter.
Analyst Insight
According to Procurement Resource, nitric acid prices are expected to remain influenced by ammonia costs, fertilizer demand and industrial activity, with regional supply conditions driving price movements.
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Asia
In China, nitric acid prices declined during Q1’26, with prices at ~1.55 RMB/kg (Spot FD) in January and ~1.48 RMB/kg in March, marking a ~4.17% decrease. The market faced persistent downward pressure due to ample supply availability and stable plant operating rates, which led to oversupply conditions. Additionally, falling liquid ammonia prices weakened cost support, directly impacting nitric acid pricing. Demand from downstream sectors such as ammonium nitrate, dyes, and intermediates remained subdued, with purchases largely order-based and no significant restocking activity observed.
In India, prices followed a similar trend, declining from ~37.85 INR/kg (Spot, 68%) in January to ~36.69 INR/kg in March, reflecting a ~3.07% decrease. The market was influenced by fertilizer sector uncertainties linked to geopolitical disruptions in West Asia, which impacted trade flows, increased freight and insurance risks, and delayed procurement cycles. India’s high dependence on fertilizer imports and LNG for ammonia production further exposed the market to cost-side volatility, while cautious inventory management limited aggressive buying.
Europe
In Europe, nitric acid prices remained relatively stable to soft during Q1’26. The market was balanced by moderate fertilizer demand and steady industrial consumption, particularly from ammonium nitrate and specialty chemicals. However, easing energy and ammonia costs reduced upward pressure, while sufficient regional supply prevented any sharp price increases. Trade flows remained stable, with no major supply disruptions reported.
North America
In North America, prices exhibited a stable to marginally soft trend, supported by consistent demand for fertilizers and explosives. However, adequate domestic production and improved ammonia availability limited price volatility. Downstream demand remained steady, but not strong enough to drive price increases amid balanced supply conditions.
Nitric acid, a pale straw to colourless liquid, is a compound containing the molecules of hydrogen, nitrogen and oxygen. It is strongly corrosive with an irritant odour. It is used in fertiliser and chemical manufacture. It serves as a powerful oxidising agent at higher concentrations.
HNO3
Fertilisers, Oxidising agents, Textile industry, Metal nitrates and inorganic nitrate salts, Various organic intermediates, Plastics, Dyes, explosives, Metal cleaning, Woodworking
7697-37-2, Azotic acid, Hydrogen nitrate, Aqua fortis, Salpetersaeure
CF Fertilisers, The Chemical Company, Ube Industries, Ltd, The Chemours Company, LSB Industries
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In order to produce Nitric Acid from ammonia, a process known as Ostwald’s process is utilised. In this process, high temperature oxidation of anhydrous ammonia is carried out in the presence of platinum or rhodium gauze to produce nitric oxide. The obtained product then reacts with oxygen to give nitrogen dioxide, followed by its reaction with water to finally produce nitric oxide and Nitric Acid.
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This report presents a detailed cost analysis of nitrobenzene production from benzene and nitric acid.
The report is a detailed study of economics of production of nitric acid by Ostwald’s Process. This process involves the high-temperature oxidation of anhydrous ammonia to nitric oxide in the presence of platinum or rhodium gauze.
Nitrobenzene Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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