On February 2, the ex-factory price of industrial-grade potassium nitrate from Hunan Meiao Potash Industry was 5,300 yuan/ton, a decrease of 100 yuan/ton compared to the previous quotation date. The company has an annual production capacity of 30,000 tons of potassium nitrate. PriceSeek analysis of potassium nitrate, with a long-short score of -1: The ex-factory price of potassium nitrate fell by 100 yuan/ton to 5,300 yuan/ton, a decrease of approximately 1.89%, indicating sufficient market supply or weak demand, which has a bearish impact on spot prices. Hunan Meiao Potash Industry's annual production capacity of 30,000 tons may exacerbate local supply pressure, making the short-term downward price trend evident.
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