January 16th News: On January 16th, the nitric acid market was influenced by factors such as supply recovery and weakened demand expectations. In the Shandong region, the mainstream transaction price ranged from 1,450 to 1,550 yuan per ton, marking a decrease of 50 yuan per ton. The overall market exhibited a corrective trend. Chempricehub's analysis of nitric acid indicates a bearish score of -1.5. Due to supply recovery leading to increased supply and weakened demand expectations, the mainstream transaction price of nitric acid in the Shandong region fell by 50 yuan per ton to 1,450–1,550 yuan per ton, with the overall market showing a corrective trend. This suggests that spot prices are facing downward pressure, as improved supply conditions and weak demand jointly exert a generally bearish impact on the nitric acid market.