January 23 — On January 23, Shandong Tianyi Potassium Nitrate quoted the ex-factory price of agricultural-grade potassium nitrate at 4,100 yuan per ton, a decrease of 50 yuan per ton compared to the previous quotation day. Chempricehub analysis of potassium nitrate: Bull-Bear Score: -1. On January 23, Shandong Tianyi Potassium Nitrate quoted the ex-factory price of agricultural-grade potassium nitrate at 4,100 yuan per ton, a decrease of 50 yuan per ton compared to the previous quotation day, a decline of approximately 1.22%. This price drop indicates an oversupply in the spot market or weak downstream demand, exerting downward pressure on the spot price of potassium nitrate. The score is based on clear signals of price decline, reflecting general bearish factors, though the magnitude of the decline does not yet constitute a significant bearish signal.