On January 16, the ex-factory quotation for industrial-grade potassium nitrate from Aoxin Chemical Co., Ltd. in Shifang City was 4,900 yuan per ton, a decrease of 300 yuan per ton compared to the previous quotation day. PriceSeek analysis of potassium nitrate: Bull-bear score: -1.5. The ex-factory quotation for industrial-grade potassium nitrate from Aoxin Chemical Co., Ltd. in Shifang City decreased by 300 yuan per ton, indicating an oversupply in the market or weak demand, which poses a significant bearish impact on spot prices. The quotation dropped from 5,200 yuan per ton to 4,900 yuan per ton (a decrease of approximately 5.8%), which may trigger other suppliers to follow suit with price reductions, intensifying downward pressure in the spot market.
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