December 29th News
On December 29th, the ex-factory price of potassium nitrate from Yufeng Chemical in Shifang City, Sichuan Province, was quoted at 5,000 yuan per ton, a decrease of 200 yuan per ton compared to the previous quoted day. The annual production capacity of potassium nitrate is 30,000 tons.
Chempricehub Analysis of Potassium Nitrate
Bull-Bear Score: -1.5
The article reports that the ex-factory price of potassium nitrate from Yufeng Chemical in Shifang City, Sichuan Province, has dropped to 5,000 yuan per ton, a decrease of 200 yuan per ton compared to the previous quoted day, representing a decline of approximately 4%. This indicates increased supply pressure or weak demand in the spot market. Yufeng Chemical's annual production capacity of 30,000 tons may exacerbate the risk of oversupply. The price decline constitutes a significant bearish factor for the spot market and may trigger a wait-and-see attitude among downstream purchasers in the short term.