On January 12, the nitric acid market was influenced by factors such as supply recovery and weakening demand expectations. The mainstream transaction price in the Shandong region was 1,450–1,550 RMB/ton, down by 50 RMB/ton, indicating an overall market correction trend. PriceSeek's analysis of nitric acid assigns a bearish score of -1. The article notes that the recovery in nitric acid supply (increase in supply) and weakening demand expectations led to a 50 RMB/ton decline 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 significantly impacted spot prices negatively, as increased supply has pushed prices down, 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 extreme levels, but the downward trend is clear.
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