January 27th News On January 27th, the price of concentrated nitric acid experienced a rational correction due to supply recovery and demand expectations. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,450 and 1,550 yuan per ton, representing a decline of 50 yuan per ton. Chempricehub Analysis of Nitric Acid, Bull-Bear Score: -1 Supply recovery has led to an increase in market supply, coupled with weak demand expectations. The spot price of 98% concentrated nitric acid fell by 50 yuan per ton to a range of 1,450–1,550 yuan per ton. The supply-demand fundamentals have shifted toward a looser balance, signaling bearish sentiment. It is expected that short-term spot prices will face downward pressure, though the decline is moderate and reflects a typical bearish trend.