December 26th News
On December 26th, the nitric acid market was affected by factors such as supply recovery and weakened demand expectations. The mainstream transaction price in the Shandong region ranged from 1,350 to 1,450 yuan per ton, representing a decrease of 50 yuan per ton. The overall market showed a correction trend.
Chempricehub Analysis of Nitric Acid:
Bull-Bear Score: -1
The article points out that the nitric acid market was impacted by supply recovery (increased supply) and weakened demand expectations. The mainstream transaction price in the Shandong region fell by 50 yuan per ton to 1,350–1,450 yuan per ton, with the overall market exhibiting a correction trend. Increased supply led to market oversupply, while weak demand further pressured prices downward, posing a significant bearish factor for spot prices. A score of -1 indicates a generally bearish outlook, as the price decline of approximately 3.5% is not yet considered significant but reflects clear short-term downward pressure.