January 4th News
On January 4th, 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, representing a decrease of 50 yuan per ton.
Chempricehub Analysis of Nitric Acid:
Bull-Bear Score: -1
Influenced by supply recovery (increased supply) and weak demand expectations, the price of concentrated nitric acid fell by 50 yuan per ton, with the mainstream negotiated average price dropping to 1,300–1,450 yuan per ton. The increase in supply has led to ample market availability, while insufficient demand expectations have intensified the price correction, exerting a moderate bearish pressure on spot prices. A score of -1 indicates a generally bearish impact, as the decline is moderate and reflects a rational adjustment rather than an extreme drop.
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