On January 5th, the nitric acid market was influenced by factors such as supply recovery and weakened demand expectations. In the Shandong region, the mainstream transaction price ranged from 1,350 to 1,450 yuan per ton, marking a decrease of 50 yuan per ton. The overall market exhibited a correction trend. PriceSeek's analysis of nitric acid indicates a bearish score of -1. The recovery in supply suggests an increase in supply volume, while weakened demand expectations have led to a decline in demand. These dual factors have driven the mainstream transaction price in the Shandong region down by 50 yuan per ton to 1,350–1,450 yuan per ton, with the overall market showing a correction trend. This is expected to exert significant downward pressure on the spot price of nitric acid, representing a generally bearish impact.