March 3rd News: On March 3rd, the production of concentrated nitric acid remained stable, with ample market supply. On the cost side, the price of upstream liquid ammonia has continued to decline recently. The mainstream negotiated average price for 98% concentrated nitric acid is in the range of 1,450–1,550 yuan per ton, representing a decrease of 50 yuan per ton. Chempricehub Analysis: Nitric Acid, Bull-Bear Score: -1 The article notes that the stable release of concentrated nitric acid production and ample market supply have led to a 50 yuan per ton decline in the mainstream price of 98% concentrated nitric acid, now ranging between 1,450 and 1,550 yuan per ton. The combination of increased supply and weak demand exerts a moderate bearish pressure on spot prices. Liquid Ammonia, Bull-Bear Score: -1 As an upstream cost component for nitric acid, the recent continuous decline in liquid ammonia prices reflects either sufficient supply or weakened demand in its own market. The downward price trend exerts a moderate bearish impact on liquid ammonia spot prices and may further dampen production cost support.