January 12th News
On January 12th, the nitric acid market was affected by factors such as supply recovery and weakened demand expectations. The mainstream transaction price in the Shandong region was 1,450–1,550 RMB/ton, a decrease of 50 RMB/ton, indicating an overall market correction trend. Chempricehub analyzed nitric acid with a bearish score of -1. The article pointed out that the nitric acid market experienced supply recovery (increased supply) and weakened demand expectations, leading to a 50 RMB/ton drop in the mainstream transaction price in the Shandong region to 1,450–1,550 RMB/ton, with the market showing an overall correction trend. The deterioration in supply-demand dynamics has had a significant bearish impact on spot prices, as increased supply has lowered prices, while reduced demand has further dampened market confidence. The score of -1.0 indicates a generally bearish outlook, as the price decline is moderate (approximately 3.3%) and not at an extreme level, but the downward trend is clear.