ChemPriceHub Alert: Concentrated Nitric Acid Price Decline Driven by Supply and Demand Factors

On January 13, the price of concentrated nitric acid experienced a rational correction due to supply recovery and demand expectations. The mainstream average trading price for 98% concentrated nitric acid ranged between 1,300 and 1,450 yuan per ton, with a decrease of 50 yuan per ton. PriceSeek's analysis of nitric acid indicates a bearish score of -1. The article shows that on January 13, the price of concentrated nitric acid fell by 50 yuan per ton, with the mainstream average price ranging from 1,300 to 1,450 yuan per ton, primarily influenced by supply recovery (increased supply) and weak demand expectations. Supply recovery indicates a restoration in production, leading to oversupply in the market. Insufficient demand expectations further suppressed prices, resulting in a rational correction trend. This has a generally bearish impact on spot prices, with a decline of approximately 3.7% to 3.8%, representing a moderate drop rather than a sharp fluctuation, hence the score of -1.