On January 7, the ex-factory price of industrial-grade potassium nitrate at the Shifang City Potassium Nitrate Plant in Sichuan Province was quoted at 5,200 yuan per ton, a decrease of 100 yuan per ton compared to the previous quoted day. The plant has an annual production capacity of 50,000 tons of potassium nitrate. PriceSeek analysis of potassium nitrate indicates a bearish score of -1. The ex-factory price of potassium nitrate has dropped by 100 yuan per ton to 5,200 yuan per ton, suggesting ample market supply or weak demand, which generally exerts bearish pressure on spot prices. The price decline may be attributed to capacity expansion (annual production of 50,000 tons) or weakened downstream demand. It is expected that spot prices may continue to face downward pressure in the short term. It is advisable to monitor inventory changes and downstream procurement trends.