March 23, News — On March 23, Shandong Huayang Deer Chemical Co., Ltd. quoted the price of agricultural-grade potassium nitrate at 4,500 yuan/ton, an increase of 300 yuan/ton compared to the previous quotation date. The company has an annual production capacity of 50,000 tons of potassium nitrate. According to Chempricehub's analysis of potassium nitrate, the long-short score is 1.5. The spot price of potassium nitrate has risen significantly by 300 yuan/ton to 4,500 yuan/ton, an increase of approximately 7.14%, reflecting tight market supply and demand or stronger downstream demand, which is favorable for spot prices. Shandong Huayang Deer Chemical has an annual production capacity of 50,000 tons, and this price increase may drive local market sentiment and support short-term price strength.