January 15th News On January 15th, the price of concentrated nitric acid experienced a rational correction due to 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. Chempricehub Analysis of Nitric Acid, Bull-Bear Score: -1 The spot price of concentrated nitric acid dropped by 50 yuan per ton, a decline of approximately 3.7% (calculated based on the average price of 1,300–1,450 yuan per ton). This was primarily influenced by supply recovery (increased supply due to restored production capacity) and weak demand expectations. The supply-side recovery alleviated previous tightness, while insufficient demand expectations intensified market bearish sentiment, leading to a rational price correction. This situation generally exerts a bearish impact on the spot market, but the correction is moderate and has not resulted in significant volatility, thus not reaching a major bearish level.