On January 28, the nitric acid market was influenced by factors such as supply recovery and weakened demand expectations. In Shandong, the mainstream transaction price ranged from 1,550 to 1,650 RMB/ton, representing a decrease of 50 RMB/ton. The overall market exhibited a correction trend. PriceSeek's analysis of nitric acid indicates a bearish score of -1. Affected by supply recovery (increased supply) and weakened demand expectations, the mainstream transaction price of nitric acid in Shandong fell by 50 RMB/ton to 1,550–1,650 RMB/ton. The overall market showed a correction trend, indicating an oversupply of spot goods and weak demand, which exerted a general bearish pressure on prices.