On February 9th, the nitric acid market was influenced by factors such as supply recovery and weakening demand expectations. In Shandong region, the mainstream transaction price ranged from 1,550 to 1,650 yuan per ton, a decrease of 50 yuan per ton, indicating an overall market correction trend. PriceSeek's analysis of nitric acid gives a bearish score of -1.5. The article points out that the nitric acid market is affected by supply recovery (increased supply) and weakening demand expectations (decreased demand). The mainstream transaction price in Shandong region fell by 50 yuan per ton to 1,550–1,650 yuan per ton, reflecting an overall market correction trend. Supply recovery has led to a looser market supply, while weakening demand expectations have further dampened purchasing intentions, creating dual bearish pressures. The price decline of approximately 3–3.2% indicates a strong short-term correction trend, though it has not yet reached extreme levels. Therefore, a score of -1.5 is assigned, reflecting a strong bearish impact, and it is expected that spot prices will remain weak and volatile in the short term.
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