On January 8, 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 1,350 to 1,450 yuan per ton, with a decrease of 50 yuan per ton. The overall market exhibited a correction trend. PriceSeek's analysis of nitric acid shows a long-short rating of -1.5. The recovery in supply has led to an increase in market availability, while demand expectations have weakened. These dual factors have driven the mainstream transaction price of nitric acid in the Shandong region down by 50 yuan per ton to 1,350–1,450 yuan per ton, with the overall market showing a correction trend. This indicates a shift toward a looser supply-demand balance in the spot market, which significantly impacts nitric acid spot prices negatively. It is expected that prices may continue to face downward pressure in the short term.