For the Quarter Ending June 2026
听
Nitric Acid Prices in听North America
- In USA, the Nitric Acid Price Index rose by 8.92% quarter-over-quarter, reflecting ammonia cost pass-through.
- The average Nitric Acid price for the quarter was approximately USD 329.67/MT, reflecting cost pass-through.
- Tight inland inventories and run-to-order seller behaviour supported the Nitric Acid Spot Price through June.
- Gulf-Coast ammonia escalation influenced the Nitric Acid Production Cost Trend, pressuring delivered margins for producers.
- Balanced domestic availability and steady industrial consumption shaped the Nitric Acid Demand Outlook into summer.
- Forward curves and seasonal drivers underpin the Nitric Acid Price Forecast indicating softening after summer.
- Export freight pressures and elevated bunker insurance trimmed netbacks, influencing the Nitric Acid Price Index.
- Major Gulf Coast units remained operational with no large turnarounds, keeping market availability largely unchanged.
Why did the price of Nitric Acid change in June 2026 in North America?
- Higher Gulf-Coast ammonia quotations raised variable production costs, enabling producers to pass through price increases.
- Steady industrial offtake from adipic and nitrobenzene chains sustained demand while fertilizer seasonality reduced purchases.
- Logistics remained reliable, but elevated bunker and insurance costs increased export freights, trimming export netbacks.
听
Nitric Acid Prices in听APAC
- In South Korea, the Nitric Acid Price Index rose by 12.64% quarter-over-quarter, reflecting firmer feedstock demand.
- The average Nitric Acid price for the quarter was approximately USD 338.67/MT, reflecting supply and steady semiconductor demand.
- Exporters meeting steady overseas enquiries limited prompt offers, supporting the Nitric Acid Spot Price amid comfortable inventories.
- Elevated imported ammonia and industrial electricity sustained the Nitric Acid Production Cost Trend, constraining margin flexibility sellers.
- The Nitric Acid Demand Outlook remains mixed as semiconductor consumption holds while fertilizer procurement eases seasonally.
- Regional Nitric Acid Price Forecast anticipates modest near-term softness, driven by seasonal demand weakness and freight easing.
- Stable plant utilisation and no major outages kept export availability steady, tempering moves in the Nitric Acid Price Index.
- Comfortable coastal inventories and fluid Busan logistics allowed sellers to meet contracts without compelling aggressive premium increases.
Why did the price of Nitric Acid change in June 2026 in APAC?
- Imported ammonia stability and electricity tariff freeze reduced immediate cost pressures, supporting only marginal price increases in June.
- Consistent semiconductor procurement offset weaker fertilizer buying, balancing demand and preventing significant downward price movement.
- No major plant outages and timely ammonia arrivals maintained supply continuity, limiting volatility in export pricing.
Thailand
- In Thailand, the Nitric Acid Price Index rose by 16.63% quarter-over-quarter, reflecting tighter supply conditions.
- Constrained offers from Indonesia and Malaysia pushed the Nitric Acid Spot Price noticeably higher recently.
China
- In China, the Nitric Acid Price Index fell by 2.89% quarter-over-quarter, due to subdued demand.
- Nitric Acid Spot Price showed stability as plant run-rates remained high and inventories covered demand.
听
Nitric Acid Prices in听Europe
- In Germany, the Nitric Acid Price Index rose by 10.47% quarter-over-quarter, driven by ammonia costs.
- The average Nitric Acid price for the quarter was approximately USD 552.33/MT, reported FOB Hamburg
- Export strength tightened prompt supply, supporting a firmer Nitric Acid Spot Price and seller concessions.
- Nitric Acid Price Forecast anticipates modest short-term gains, then seasonal softening as procurement cycles complete
- Elevated natural gas and ammonia pushed expenses higher, shifting the Nitric Acid Production Cost Trend.
- Nitric Acid Demand Outlook remains balanced to firm as fertilizer replenishment offsets softer industrial consumption
- Stable plant operations and Rhine logistics maintained flow, keeping the Nitric Acid Price Index contained
- Competitive Asian offers and post-peak destocking pose downside risks to the Nitric Acid Price Index
Why did the price of Nitric Acid change in June 2026 in Europe?
- Renewed export enquiries from fertilizer blenders tightened prompt availability, supporting mild Nitric Acid price increases
- Sustained upstream costs, including carbon compliance and ammonia-derived feedstock expenses, elevated producer free-on-board offers marginally
- No reported plant outages and reliable Rhine logistics ensured steady supply, limiting stronger price appreciation
UK (United Kingdom)
- In United Kingdom, the Nitric Acid Price Index rose by 10.33% quarter-over-quarter, driven by ammonia.
- Nitric Acid Production Cost Trend reflected higher natural gas, ammonia expenses, tightening margins at producers.
Italy
- In Italy, the Nitric Acid Price Index rose by 10.4% quarter-over-quarter, due to ammonia costs.
- Imported cargo reductions supported firmer Nitric Acid Spot Price, limiting arbitrage and easing buyer resistance.
For the Quarter Ending March 2026
听
Nitric Acid Prices in听North America
- In the USA, the Nitric Acid Price Index rose by 5.46% quarter-over-quarter from ammonia spikes.
- The average Nitric Acid price for the quarter was approximately USD 302.67/MT delivered Gulf Coast.
- Spring buying tightened markets and the Nitric Acid Spot Price uplifted the regional Price Index.
- Imported ammonia freight and insurance raised the Nitric Acid Production Cost Trend, pressuring conversion margins.
- Nitric Acid Demand Outlook is firmer as fertilizer blending ramps and industrial consumption supports offtake.
- Nitric Acid Price Forecast points to near term stability, with summer softening from inventory accumulation.
- Domestic buffer stocks and steady plant utilisation constrained Nitric Acid Price Index volatility.
- Gulf Coast producers maintained offers as export competition and railcar allocations tightened merchant spot availability.
Why did the price of Nitric Acid change in March 2026 in North America?
- Anhydrous ammonia jumped sharply, raising conversion costs and transmitting cost pressure into delivered nitric acid.
- Local truck shortages and Mississippi corridor surcharges lengthened lead times, reducing availability, tightening spot markets.
- Fertilizer blending ramped; industrial demand steadied, depleting spot inventories and enabling sellers to pass higher costs.
听
Nitric Acid Prices in听APAC
- In South Korea, the Nitric Acid Price Index rose by 7.38% quarter-over-quarter, driven by export outage.
- The average Nitric Acid price for the quarter was approximately USD 300.67/MT, reflecting FOB Busan.
- Port congestion tightened ammonia feedstock deliveries, supporting Nitric Acid Production Cost Trend and firming short-term offers.
- Inventory draws at Ulsan tightened spot liquidity, influencing the Nitric Acid Spot Price and availability.
- Demand remained steady across fertilizers and electronics, shaping the Nitric Acid Demand Outlook for spring season.
- Sustained procurement by electronic blenders lifted the Nitric Acid Price Index despite softer ammonia cost dynamics.
- Forecasts indicate supply easing post-turnaround could alter the Nitric Acid Price Forecast, moderating upward pressure later.
- Higher electricity tariffs and geopolitical risks underpin conversion costs, shaping the Nitric Acid Production Cost Trend.
Why did the price of Nitric Acid change in March 2026 in APAC?
- A major Lotte Chemicals Yeosu turnaround starting 27 March curtailed export supply, directly tightening market availability.
- Elevated electricity tariffs and reliance on imported ammonia raised production costs, pressuring FOB offers during March.
- Steady fertilizer and electronics procurement plus regional export inquiries sustained demand, amplifying price response to reduced supply.
听
Nitric Acid Prices in听Europe
- In Germany, the Nitric Acid Price Index rose by 7.9136% quarter-over-quarter, driven by firmer energy costs.
- The average Nitric Acid price for the quarter was approximately USD 500.00/MT, per reported data.
- Supply restarts and retrofit work tightened availability, lifting Nitric Acid Spot Price and Price Index.
- Seasonal buying and curve shifts informed the Nitric Acid Price Forecast projecting mild gains regionally.
- Natural gas quotation upticks drove the Nitric Acid Production Cost Trend higher, squeezing producer margins.
- Fertilizer front loading and steady industrial activity define Nitric Acid Demand Outlook for spring applications.
- Thin Hamburg inventories and strong export demand tightened availability, elevating the Nitric Acid Price Index.
- Producers resumed operations while completing abatement work, keeping overall supply balanced but spot parcels constrained.
Why did the price of Nitric Acid change in March 2026 in Europe?
- Higher ammonia replacement costs and retrofit related outages reduced volumes, prompting sellers to strengthen offers.
- Rising natural gas quotations increased production costs, reinforcing seller pricing and limiting downward pressure regionally.
- Port congestion and extended freight routes increased logistics costs, tightening supply chains and reducing inventories.
For the Quarter Ending December 2025
North America
- In USA, the Nitric Acid Price Index rose by 2.38% quarter-over-quarter, reflecting modest cost pass-through.
- The average Nitric Acid price for the quarter was approximately USD 287.00/MT, indicating steady levels.
- Inventories and discounted Asian imports capped Nitric Acid Spot Price swings despite higher freight pressures.
- Near-term Nitric Acid Price Forecast expects muted upside as sellers defend margins with year-end procurement.
- Flat ammonia values kept the Nitric Acid Production Cost Trend steady, reducing producer price pressure.
- Nitric Acid Demand Outlook shows agricultural replenishment and steady industrial offtake supporting DEL Houston levels.
- Export constraints and extended delivery cycles tightened spot availability, lifting the Nitric Acid Price Index.
- Planned ammonia facility maintenance reduced flexibility, but domestic production continuity maintained balanced Nitric Acid supply.
Why did the price of Nitric Acid change in December 2025 in North America?
- Constrained imports and logistical disruptions reduced prompt availability, allowing sellers to defend marginally higher offers.
- Earlier ammonia inflation pushed producers to pass through costs, though December feedstock values were stable.
- Fertilizer blenders' pre-spring replenishment and steady industrial offtake absorbed supply friction, supporting firmer quarterly pricing.
APAC
- In South Korea, the Nitric Acid Price Index rose by 1.2% quarter-over-quarter, reflecting logistical tightness.
- The average Nitric Acid price for the quarter was approximately USD 280.00/MT, reported on FOB Busan terms.
- Supply remained adequate but constrained by port congestion, supporting a firmer Nitric Acid Spot Price.
- Market commentary underpinned a cautious Nitric Acid Price Forecast, reflecting post-holiday restocking and shipping normalization.
- Soft ammonia feedstock weakened the Nitric Acid Production Cost Trend, allowing lower variable margins overall.
- Nitric Acid Demand Outlook remains muted short term, as fertilizer and construction activity stay subdued.
- Rising inventories pressured Nitric Acid Price Index, while contracts and export commitments supported FOB offers.
- Scheduled maintenance and shipping delays limited spot availability, enhancing producers' pricing power for select export cargoes.
Why did the price of Nitric Acid change in December 2025 in APAC?
- Port congestion and weather disruptions delayed feedstock shipments, tightening near-term supply and increasing logistical premia.
- Soft ammonia costs reduced production expenses, tempering upward pressure despite constrained physical availability at times.
- Muted domestic demand from fertilizer and construction sectors, plus high regional inventories, capped price gains recently.
Europe
- In Germany, the Nitric Acid Price Index rose by 2.89% quarter-over-quarter, reflecting cost-driven inventory discipline.
- The average Nitric Acid price for the quarter was approximately USD 463.33/MT, reflecting Hamburg FOB basis.
- Nitric Acid Spot Price softened as exporters offered competitive Black Sea volumes and year-end destocking.
- Nitric Acid Price Forecast anticipates recovery as winter gas premiums lift ammonia-driven production costs modestly.
- Nitric Acid Production Cost Trend rose due to electricity and nitrous-oxide abatement expenses pressuring margins.
- Nitric Acid Demand Outlook cautious; fertilizer restocking limited, construction activity remains weak, curbing consumption growth.
- Nitric Acid Price Index showed lean stocks as exports to France and Belgium tightened availability.
- Producers maximized domestic output, with FOB Hamburg offers disciplined; merchant destocking pressured short-term spot liquidity.
Why did the price of Nitric Acid change in December 2025 in Europe?
- Domestic capacity utilization offset global ammonia disruptions, preventing deeper shortages despite localized feedstock constraints effectively.
- Elevated winter electricity and nitrous-oxide abatement costs increased production expenses; port congestion slowed cargo turnaround.
- Cautious downstream procurement, CBAM uncertainty, and year-end destocking reduced spot buying and moderated price momentum.
For the Quarter Ending September 2025
North America
- In USA, the Nitric Acid Price Index rose 1.14% quarter-over-quarter, reflecting stabilized demand and costs.
- The average Nitric Acid price for the quarter was approximately USD 296.00/MT across markets nationwide.
- Nitric Acid Spot Price remained steadier on constrained supply and seasonal demand, narrowing price differentials.
- Nitric Acid Price Forecast suggests stability as fertilizer activity fluctuates and feedstock costs remain modest.
- Nitric Acid Production Cost Trend points to pressure from ammonia and natural gas, supporting pricing.
- Nitric Acid Demand Outlook remains tempered by fertilizer troughs but supported by restocking in sectors.
- Nitric Acid Price Index trends reflect buyers, with import parity and freight costs shaping sentiment.
- Supply disruptions and elevated freight costs dampened Nitric Acid Spot Price gains despite downstream orders.
- Nitric Acid Price Forecast remains aligned with Production Cost Trend as Demand Outlook trends stabilize.
Why did the price of Nitric Acid change in September 2025 in North America?
- Supply tightness in Gulf Coast nitric acid supported price stability despite slow fertilizer demand conditions.
- Cost pressures from ammonia and eeeeeeeee trimmed margins but offset by import changes recent.
- Logistics improvements and steady domestic production limited volatility, though seasonal restocking kept offers relatively firm.
APAC
- In South Korea, the Nitric Acid Price Index fell 0.72% quarter-over-quarter, in Q3 2025, due to balanced supply.
- The average Nitric Acid price for the quarter was approximately USD 276.67/MT, reflecting modest volatility.
- Nitric acid Spot Price movements tracked regional demand oscillations, with export pull moderating domestic oversupply pressures.
- Nitric acid Price Forecast remained cautious, as seasonal lull and inventory restocking kept the Price Index under pressure.
- Nitric acid Production Cost Trend benefited from stable feedstock ammonia costs, supporting margins despite softer demand.
- Nitric acid Demand Outlook remained mixed, with regional fertilizer restocking and autumn applications influencing near-term uptake.
- Price Index dynamics reflect balanced regional inventories and steady port inflows, limiting abrupt spot price swings.
- Nitric acid Spot Price volatility linked to freight rates and regional export demand shifts across markets.
- Nitric acid Price Forecast suggests a flat-to-moderate drift, supported by restocking activity and stable energy costs.
Why did the price of Nitric Acid change in September 2025 in APAC?
- Export demand from Southeast Asia and Japan remained muted, limiting domestic price appreciation despite adequate ammonia supply.
- Seasonal restocking by fertilizer manufacturers supported volumes but was offset by higher inventories, tempering price momentum.
- Rising feedstock costs for ammonia were mitigated by pre-purchased low-cost inventories, capping price increases in the near term.
Europe
- In Germany, the Nitric Acid Price Index rose by 0.75% quarter-over-quarter, in Q3 2025, supported by supply tightness.
- The average Nitric Acid price for the quarter was approximately USD 450.33/MT.
- Nitric Acid Spot Price indicators remained mixed, with supply tightness supporting the Price Index despite weak demand.
- Nitric Acid Price Forecast remains cautious, given energy costs, Rhine transport constraints, and seasonal restocking dynamics.
- Nitric Acid Production Cost Trend shows mild upward pressure from energy and logistics, offset by lower feedstock costs.
- Nitric Acid Demand Outlook remains muted in Germany, with fertilizer seasonality and export softness capping gains.
- Nitric Acid Spot Price volatility persisted into Q3 2025 as demand cycles and cargo flows shifted, affecting prices.
- Nitric Acid Price Index readings point to gradual stabilization, with logistic bottlenecks easing but regional imbalances linger.
Why did the price of Nitric Acid change in September 2025 in Europe?
- September 2025 price movement was driven by persistent supply tightness in Germany due to Rhine water levels and transport delays.
- Costs rose modestly from energy and natural gas, while export channels remained tepid, dampening demand.
- Seasonal restocking and port logistics constraints contributed to cautious buying and price stabilization in September.
