February 9th News - On February 9th, 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 1,550 to 1,650 RMB/ton, representing a decrease of 50 RMB/ton, with the overall market showing a correction trend. Chempricehub's analysis of nitric acid, with a bullish-bearish score: -1.5, indicates that the nitric acid market is affected by supply recovery (increased supply) and weakened demand expectations (reduced demand). In the Shandong region, the mainstream transaction price fell by 50 RMB/ton to 1,550–1,650 RMB/ton, reflecting an overall market correction trend. The supply recovery has led to a looser market supply, while weakened demand expectations have further dampened purchasing willingness, creating a dual bearish pressure. The price decline of approximately 3–3.2% indicates a strong short-term correction trend, though it has not yet reached extreme levels. Therefore, a score of -1.5 is assigned, reflecting a relatively strong bearish impact. It is expected that spot prices will remain weak and volatile in the short term.