March 23rd News
On March 23rd, Tianfeng Chemical (Shanxi) Group Co., Ltd., with an annual production capacity of 100,000 tons of potassium nitrate, quoted an ex-factory price of 4,450 yuan per ton for agricultural-grade potassium nitrate, representing an increase of 200 yuan per ton compared to the previous quotation date.

Chempricehub Analysis of Potassium Nitrate
Bull-Bear Score: 1.5
The ex-factory price of potassium nitrate has risen by 200 yuan per ton, indicating tightening supply or strengthening demand in the spot market. The price hike by producers directly benefits spot prices. This significant increase may be driven by rising costs or seasonal agricultural demand, and it is expected that spot prices will maintain an upward trend in the short term.