December 25th News
On December 25th, 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's analysis of nitric acid indicates a bearish score of -1.5. The article points out that 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. Influenced by supply recovery (increased supply) and weak demand expectations, the overall trend showed a rational correction. This has led to increased pressure from oversupply in the spot market, coupled with short-term demand weakness, exerting a generally strong bearish impact on spot prices.
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