January 08 News
On January 8, influenced by factors such as supply recovery and weakened demand expectations, the mainstream transaction price of nitric acid in the Shandong region ranged from 1,350 to 1,450 yuan/ton, representing a decline of 50 yuan/ton. The overall market exhibited a correction trend.

Chempricehub Analysis of Nitric Acid, Bull-Bear Score: -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/ton to 1,350–1,450 yuan/ton, with the overall market showing a correction trend. This indicates a shift toward a looser supply-demand balance in the spot market, exerting significant downward pressure on nitric acid spot prices. It is expected that prices may continue to face pressure in the short term.