This chart shows Nitric Acid price assessments in USA Dollar per metric ton (USD/mt) in 5 locations, as follows:
- Nitric Acid (fuming), US (United States): Nitric Acid (fuming), export transaction price, fob, United States
- Nitric Acid (fuming), CN (China): Nitric Acid (fuming), domestic spot price, exw, China
- Nitric Acid (fuming), EUR (Europe): Nitric Acid (fuming), export transaction price, fob, Germany
- Nitric Acid, NEA (Northeast Asia): Nitric Acid, export transaction price, fob, South Korea
- Nitric Acid, SEA (Southeast Asia): Nitric Acid, import transaction price, cfr, Malaysia (netforward from fob South Korea)
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Nitric Acid.
Data Use
Nitric Acid prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
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Nitric Acid Price Outlook
Nitric Acid Price Outlook. The price of Nitric Acid (United States) decreased during May 2020 to 503 USD per metric ton, which represents a considerable decline of 12% compared to the previous month’s value. On a year-over-year basis, the prices of Nitric Acid (United States) decreased significantly by 12%. Meanwhile, the average price of Nitric Acid (China) amounted to 226 USD per metric ton, from 272 USD per metric ton one year earlier. On a month-over-month basis, the price of Nitric Acid (China) is 2% lower than the price one month before.
The price of Nitric Acid (Southeast Asia) declined considerably throughout May 2020, reaching 149 USD per metric ton. The price is 15% lower than the average price in the previous month and 6% higher than the average price one year before. In contrast, the prices of Nitric Acid (Europe) were flat during May 2020, and were rise when compared to the average price in the preceding yeara rise of 4% from the previous year’s price.
The prices of Nitric Acid (Northeast Asia) experienced a significant decline of 12 USD per metric ton from the prior month's price, to 118 USD per metric ton. Such price movement meant a decrease of 9% on a monthly basis and a decrease of 3% on a yearly basis.
About Nitric Acid
About Nitric Acid. Nitric Acid (a.k.a. HNO3) is a strong acid of major importance worldwide. When heated or exposed to light, the acid decomposes to nitrogen dioxide, coloring it yellow. Vapors of nitrogen dioxide can absorb moisture, originating the name fuming acid. This acid is very corrosive to metals and very toxic to humans. Originally produced from mineral potassium or sodium nitrate and sulphuric acid, nitric acid is now predominantly derived from the catalytic oxidation of ammonia, followed by the absorption of oxides by water in the Ostwald process.
Historically used in the production of explosives, after the Second World War Nitric Acid production grew rapidly with the expanding use of synthetic fertilizers. Most of the nitric acid in the world is used to make ammonium nitrate, being explosives the second biggest destination.
Nitric Acid Handling. Weak Nitric Acid can be stored in stainless steels tanks, whereas strong acid materials of construction commonly used are aluminum, boro silicate glass, high silica stainless steels. Transportation regulations usually depend on concentration and on means of transport. Nitric acid may be shipped in either stainless steel or aluminum. Bulk Nitric Acid can be shipped by railcar, tank truck or portable tank. Nonbulk packaging includes drums. The transportation of nitric acid requires proper packaging, labeling and shipping documentation. For other than red fuming acid, a variety of smaller containers are permitted, all of which require various forms of individual packaging, depending on acid strength and mode of transportation. Packages are mostly glass or earthenware containers ranging in size from 0.5 to 2.5 l.
Nitric Acid Production. Raw materials and the respective production processes employed in the manufacturing of Nitric Acid are listed below.
- Ammonia (oxidation process)
Nitric Acid Uses. The uses and applications of Nitric Acid may vary according to its specification. The main forms of Nitric Acid are commercial grade/weak Nitric Acid (50 to 65 wt%); reagent grade (68 wt%); 90% nitric acid (>90 wt%); and high strength/fuming (>98wt%).