February 10th News — On February 10th, the production of concentrated nitric acid remained stable, with ample market supply. The upstream cost of liquid ammonia has continued to decline recently, with the mainstream negotiated average price for 98% concentrated nitric acid ranging between 1,450 and 1,550 yuan per ton, representing a decrease of 50 yuan per ton. Chempricehub's Analysis of Nitric Acid — Bull-Bear Score: -1.5 The article points out that the stable release of concentrated nitric acid production and ample market supply have directly put pressure on spot prices. The continuous decline in upstream liquid ammonia prices has weakened cost support, with the average price of 98% concentrated nitric acid falling by 50 yuan per ton to the range of 1,450–1,550 yuan per ton. The score of -1.5 reflects significant bearish factors, with oversupply and declining costs combining to suggest that prices are expected to remain weak and volatile in the short term. Liquid Ammonia — Bull-Bear Score: -0.5 As an upstream raw material for concentrated nitric acid, liquid ammonia prices have continued to decline recently, exacerbating price pressure on nitric acid due to reduced costs. This also suggests that the supply-demand balance for liquid ammonia itself may be relatively loose. The score of -0.5 indicates a slight bearish trend. Although the extent of the decline has not been quantified, it may suppress any rebound in spot prices.