May 18 News

On May 18, Zhongboron (Shandong) Chemical Technology Co., Ltd. set its ex-factory price for agricultural-grade potassium nitrate at 4,500 CNY per ton, an increase of 300 CNY per ton compared to the previous quotation. The company has an annual production capacity of 50,000 tons of potassium nitrate.

Chempricehub Analysis of Potassium Nitrate
Market Sentiment Score: 1 (Bullish)

On May 18, Zhongboron (Shandong) Chemical Technology Co., Ltd. raised its ex-factory price for agricultural-grade potassium nitrate by 300 CNY per ton to 4,500 CNY per ton, compared to the previous quotation. The company’s annual production capacity of potassium nitrate stands at 50,000 tons. The upward adjustment in the ex-factory price provides positive support to potassium nitrate spot prices, benefiting its market price trend.