On February 5th, Shanxi Wojin New Materials Co., Ltd. quoted the ex-factory price of molten salt potassium nitrate at 4,600 yuan per ton, a decrease of 300 yuan per ton compared to the previous quotation date, with an annual production capacity of 120,000 tons of potassium nitrate. PriceSeek analysis of potassium nitrate, long-short score: -1. The article reports that Shanxi Wojin New Materials Co., Ltd. has lowered the ex-factory price of potassium nitrate by 300 yuan per ton to 4,600 yuan per ton, indicating ample market supply or weak demand, which exerts a bearish impact on spot prices. The price decline may stem from overcapacity (annual production of 120,000 tons) or weakening downstream demand, and it is expected that spot prices will face downward pressure in the short term.
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