On February 4th, 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 quotation date. The company has an annual production capacity of 100,000 tons of potassium nitrate. PriceSeek's analysis of potassium nitrate indicates a bearish score of -1. The 20 yuan per ton decline in the ex-factory price of agricultural-grade potassium nitrate from Weifang Shengxing Chemical Co., Ltd. to 4,130 yuan per ton, coupled with an annual production capacity of 100,000 tons, suggests ample supply. This may reflect weak demand or inventory pressure, exerting a bearish impact on spot prices. It is anticipated that prices will face downward pressure in the short term.
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