February 5th News
On February 5th, Shanxi Wojin New Materials Co., Ltd. quoted the ex-factory price of molten salt potassium nitrate at 4,600 yuan per ton, a decrease of 300 yuan per ton compared to the previous quotation date. The annual production capacity of potassium nitrate is 120,000 tons.
Chempricehub Analysis of Potassium Nitrate
Bull-Bear Score: -1
The article reports that Shanxi Wojin New Materials Co., Ltd. has lowered its ex-factory price of potassium nitrate by 300 yuan per ton to 4,600 yuan per ton, indicating ample market supply or weak demand, which exerts bearish pressure on spot prices. The price decline may stem from overcapacity (annual production of 120,000 tons) or weakened downstream demand, with spot prices expected to face downward pressure in the short term.