March 5th News On March 5th, the production of concentrated nitric acid remained stable, with ample market supply. On the cost side, the price of upstream liquid ammonia has continued to decline recently. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,450 and 1,550 yuan per ton, representing a decrease of 50 yuan per ton. Chempricehub Analysis: Nitric Acid, Bull-Bear Score: -1 The article points out that the stable release of concentrated nitric acid production and ample market supply have led to a 50 yuan per ton decrease in the mainstream negotiated average price for 98% concentrated nitric acid, now ranging between 1,450 and 1,550 yuan per ton. This indicates an oversupply situation, exerting a generally bearish impact on spot prices. Liquid Ammonia, Bull-Bear Score: -1 As an upstream cost factor for nitric acid, the recent continuous decline in liquid ammonia prices reflects sufficient supply or weak demand in the liquid ammonia market. The reduction in costs indirectly intensifies pressure on nitric acid prices, creating downward pressure on liquid ammonia spot prices and constituting a generally bearish influence.