January 16th News: On January 16th, the ex-factory price of industrial-grade potassium nitrate from Aoxin Chemical Co., Ltd. in Shifang City was quoted at 4,900 yuan per ton, a decrease of 300 yuan per ton compared to the previous quoted price. Chempricehub's analysis of potassium nitrate indicates a bearish score of -1.5. The reduction of 300 yuan per ton in the ex-factory price of industrial-grade potassium nitrate from Aoxin Chemical Co., Ltd. in Shifang City suggests an oversupply in the market or weak demand, exerting significant downward pressure on spot prices. The price drop from 5,200 yuan per ton to 4,900 yuan per ton (a decrease of approximately 5.8%) may trigger other suppliers to follow suit with price cuts, intensifying the downward pressure in the spot market.