On January 4th, 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, representing a decrease of 50 yuan per ton. PriceSeek's analysis of nitric acid indicates a bearish score of -1. The price decline of 50 yuan per ton and the reduction in the mainstream negotiated average price to 1,300–1,450 yuan per ton were driven by supply recovery (increased supply) and weak demand expectations. The increase in supply has led to ample market availability, while subdued demand expectations have intensified the price correction, exerting a moderate bearish pressure on spot prices. A score of -1 signifies a generally bearish impact, reflecting a moderate decline and a rational adjustment rather than an extreme drop.
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