On January 28, the nitric acid market experienced a correction due to factors such as supply recovery and weakened demand expectations. In Shandong, the mainstream transaction price ranged from 1,550 to 1,650 yuan per ton, marking a decline of 50 yuan per ton. The overall market exhibited a downward adjustment trend. Chempricehub's analysis of nitric acid assigned a bearish score of -1. Influenced by supply recovery (increased supply) and weakened demand expectations, the mainstream transaction price of nitric acid in Shandong dropped by 50 yuan per ton to 1,550–1,650 yuan per ton. The overall market showed a correction trend, indicating oversupply in the spot market and weak demand, which exerted general bearish pressure on prices.