February 12th News
On February 12th, the ex-factory price of agricultural-grade potassium nitrate from Weifang Shengxing Chemical Co., Ltd. was quoted at 4,130 yuan per ton, a decrease of 20 yuan per ton compared to the previous quoted date. The annual production capacity of potassium nitrate is 100,000 tons.
Chempricehub Analysis of Potassium Nitrate:
Bull-Bear Score: -1
The ex-factory price of agricultural-grade potassium nitrate from Weifang Shengxing Chemical Co., Ltd. decreased by 20 yuan per ton to 4,130 yuan per ton, reflecting ample supply or weak demand in the spot market, exerting downward pressure on prices. The annual production capacity of 100,000 tons indicates a potential oversupply on the supply side, exacerbating the bearish trend in spot prices.