April 08, 2024 - On April 8, the ex-factory price of potassium nitrate from Yufeng Chemical in Shifang City, Sichuan Province, was quoted at 5,000 yuan/ton, an increase of 200 yuan/ton compared to the previous quotation date. The annual production capacity of potassium nitrate is 30,000 tons. Chempricehub's analysis of potassium nitrate, with a long-short score of 2, indicates that the ex-factory price of potassium nitrate from Yufeng Chemical in Shifang City, Sichuan Province, has risen by 200 yuan/ton to 5,000 yuan/ton, a significant increase. This suggests tight supply or strong demand in the spot market, which constitutes a major positive factor for spot prices. A score of +2 represents a significant positive development, as the sharp price increase directly reflects an imbalance between market supply and demand, potentially driving further strength in the spot market.