On January 7th, the price of concentrated nitric acid experienced a rational correction, influenced by supply recovery and demand expectations. The mainstream negotiated average price for 98% concentrated nitric acid ranged between 1,300 and 1,450 yuan per ton, marking a decrease of 50 yuan per ton. PriceSeek's analysis of nitric acid assigned a bearish score of -1. The article highlights that the price of concentrated nitric acid underwent a rational correction due to supply recovery (increased supply) and demand expectations, with the mainstream average price settling between 1,300 and 1,450 yuan per ton, reflecting a decline of 50 yuan per ton. The supply recovery led to improved market availability, while insufficient demand expectations further suppressed prices, creating an oversupply situation. This exerted a generally bearish impact on spot prices. The price decline ranged approximately 3.7% to 4.3%, a moderate magnitude indicating market adjustment rather than sharp volatility.
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