January 4th News On January 4th, Zhongpeng (Shandong) Chemical Technology Co., Ltd. quoted an ex-factory price of 4,200 RMB/ton for agricultural-grade potassium nitrate, a decrease of 50 RMB/ton compared to the previous quotation date. The company has an annual production capacity of 50,000 tons of potassium nitrate. Chempricehub Analysis of Potassium Nitrate Bull-Bear Score: -1 Zhongpeng (Shandong) Chemical Technology Co., Ltd.'s ex-factory price for agricultural-grade potassium nitrate decreased by 50 RMB/ton to 4,200 RMB/ton, indicating ample market supply or weak demand, exerting downward pressure on spot prices. The company's annual production capacity of 50,000 tons reflects an improvement in industry supply capacity, which may intensify market competition and lead to short-term pressure on spot prices. This change suggests a relatively loose supply-demand balance at present, and attention should be paid to subsequent inventory changes and downstream agricultural demand to assess the sustainability of the impact.