On February 4th, the nitric acid market was influenced by factors such as supply recovery and weakened demand expectations. The mainstream transaction price in the Shandong region was 1,550–1,650 yuan/ton, representing a decrease of 50 yuan/ton, with the overall market showing a correction trend. PriceSeek's analysis of nitric acid indicates a bearish score of -1. The nitric acid market was affected by supply recovery and weakened demand expectations, leading to a decline of 50 yuan/ton in the mainstream transaction price in the Shandong region to the range of 1,550–1,650 yuan/ton. The combination of increased supply and weak demand exerted downward pressure on prices, resulting in a clear overall market correction. This reflects an imbalance between supply and demand in the spot market, exerting a generally bearish impact on prices, which may continue to suppress the upward potential of spot prices in the short term.
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