February 2 News — On February 2, influenced by factors such as supply recovery and weakening demand expectations, the mainstream transaction price of nitric acid in Shandong region was 1,550–1,650 yuan/ton, a decrease of 50 yuan/ton, with the overall market showing a correction trend. Chempricehub's analysis of nitric acid indicates a bearish score of -1. The article shows that the nitric acid market, affected by supply recovery (increased supply) and weakening demand expectations, saw the mainstream transaction price in Shandong region drop by 50 yuan/ton to 1,550–1,650 yuan/ton, with the overall market exhibiting a correction trend. The combination of increased supply and weak demand has led to downward pressure on spot prices, reflecting a deterioration in the short-term supply-demand structure. The score of -1.0 indicates a generally bearish outlook, as the price decline is significant but does not involve major event-driven shocks.