February 4th News On February 4th, influenced by factors such as supply recovery and weakening demand expectations, the mainstream transaction price of nitric acid in the Shandong region ranged from 1,550 to 1,650 yuan per ton, representing a decrease of 50 yuan per ton. The overall market exhibited a corrective trend. Chempricehub Analysis of Nitric Acid, Bull-Bear Score: -1 The nitric acid market has been impacted by supply recovery and weakening demand expectations, with the mainstream transaction price in the Shandong region declining by 50 yuan per ton to the range of 1,550–1,650 yuan per ton. The combination of increased supply and sluggish demand has exerted downward pressure on prices, resulting in a clear corrective trend in the overall market. This reflects an imbalance between supply and demand in the spot market, exerting a generally bearish influence on prices. In the short term, this may continue to constrain the upward potential of spot prices.