February 2nd News On February 2nd, the ex-factory price of industrial-grade potassium nitrate from Shanxi Wenshui County Zhenxing Potassium Nitrate Plant was quoted at 4,300 yuan/ton, an increase of 50 yuan/ton compared to the previous quotation date. The plant has an annual production capacity of 100,000 tons. Chempricehub Analysis on Potassium Nitrate Bull-Bear Score: 1 The ex-factory price of potassium nitrate has increased by 50 yuan/ton to 4,300 yuan/ton, indicating a tightening supply or strengthening demand in the spot market, which is favorable for spot prices. With the plant’s annual production capacity of 100,000 tons, the price hike may be influenced by rising raw material costs or increased downstream industrial demand. It is expected that spot prices will maintain a relatively strong trend in the short term.