February 2nd News On February 2nd, Hunan Meiao Potash Co., Ltd. set the ex-factory price for industrial-grade potassium nitrate at 5,300 yuan/ton, a decrease of 100 yuan/ton compared to the previous quoted price. The company has an annual production capacity of 30,000 tons of potassium nitrate. Chempricehub Analysis on Potassium Nitrate Bull-Bear Score: -1 The ex-factory price of potassium nitrate has dropped by 100 yuan/ton to 5,300 yuan/ton, a decrease of approximately 1.89%, indicating ample market supply or weak demand, which exerts bearish pressure on spot prices. Hunan Meiao Potash Co., Ltd.'s annual production capacity of 30,000 tons may exacerbate local supply pressure, with a clear downward trend in prices in the short term.