February 11th — On February 11th, driven by pre-holiday market sentiment, downstream demand remained sluggish, coupled with fluctuations in the price of raw material liquid ammonia, leading to a continuous decline in concentrated nitric acid prices. The mainstream transaction price in the Shandong region ranged from 1,550 to 1,650 yuan per ton, marking a decrease of 50 yuan per ton. Chempricehub's analysis of nitric acid indicates a bearish score of -1.5. The article highlights that due to the impact of pre-holiday market sentiment, weak downstream demand has caused a sustained decline in the spot price of concentrated nitric acid, with the mainstream transaction price in the Shandong region dropping by 50 yuan per ton to 1,550–1,650 yuan per ton. Simultaneously, fluctuations in the price of raw material liquid ammonia have increased cost uncertainties, further dampening market confidence. The reduction in demand is the primary bearish factor, with the price decline of approximately 3% considered significant but not extreme. Therefore, the score of -1.5 indicates a moderate to significant bearish outlook. The spot market may continue to face pressure in the short term.