January 07 News
On January 7, the price of concentrated nitric acid experienced a rational pullback due to supply recovery and demand expectations. The mainstream average trading price for 98% concentrated nitric acid ranged between 1,300 and 1,450 RMB/ton, marking a decrease of 50 RMB/ton.
Chempricehub Analysis of Nitric Acid, Bull-Bear Score: -1
The article notes that the price of concentrated nitric acid underwent a rational pullback influenced by supply recovery (increased supply) and demand expectations. The mainstream average price ranged between 1,300 and 1,450 RMB/ton, with a decline of 50 RMB/ton. Supply recovery led to improved market availability, while insufficient demand expectations further suppressed prices, creating an oversupply situation that exerted a generally bearish impact on spot prices. The price decline of approximately 3.7% to 4.3% is moderate, reflecting market adjustments rather than sharp fluctuations.
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