On January 15, the price of concentrated nitric acid experienced a rational correction influenced by supply recovery and demand expectations. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,300 and 1,450 yuan per ton, representing a decrease of 50 yuan per ton. PriceSeek's analysis of nitric acid indicates a bearish score of -1. The spot price of concentrated nitric acid fell by 50 yuan per ton, a decline of approximately 3.7% (calculated based on the average price of 1,300–1,450 yuan per ton), primarily due to supply recovery (increased supply resulting from restored production capacity) and weak demand expectations. The recovery on the supply side alleviated previous tightness, while insufficient demand expectations intensified market bearish sentiment, leading to a rational price correction. This situation constitutes a moderate bearish impact on the spot market, but the correction is mild and has not resulted in significant volatility, thus not reaching the level of a major bearish influence.
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