On January 16, the nitric acid market was influenced by factors such as supply recovery and weakened demand expectations. In the Shandong region, the mainstream transaction price ranged from 1,450 to 1,550 yuan per ton, representing a decrease of 50 yuan per ton. The overall market exhibited a correction trend. PriceSeek's analysis of nitric acid indicates a bearish score of -1.5, reflecting the impact of increased supply due to supply recovery and weakened demand expectations. The mainstream transaction price in the Shandong region fell by 50 yuan per ton to 1,450–1,550 yuan per ton, with the overall market showing a correction trend. This suggests that spot prices are under downward pressure, driven by improved supply conditions and weak demand, collectively exerting a generally bearish influence on the nitric acid market.