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SunSirs: The Market of Potassium Nitrate in Shanxi Declined in January
January 31 2023 14:06:20SunSirs(John)

Price trend

According to the data monitored by SunSirs, at the beginning of the month, Shanxi's industrial first-class potassium nitrate was quoted at 5,925.00 RMB/ton, and at the end of the month, Shanxi's industrial first-class potassium nitrate was quoted at 5,912.50 RMB/ton, a decrease of 0.21%. The current price fell 3.07% year on year.

Analysis review

In January, the domestic potassium nitrate market showed a downward trend. From the monitoring data of SunSirs, it can be seen that the potassium nitrate market has been declining in shock for four consecutive months since 2022. The main reason was that the downstream procurement remained in demand, the market transaction was relatively cold, and the potassium nitrate market was lower. During the Spring Festival, the market of potassium nitrate fluctuated little and declined slightly. According to the statistics of SunSirs, the domestic mainstream manufacturers of potassium nitrate recently quoted 5,900-6,100 RMB/ton (for reference only), which varied according to different procurement conditions.

In January, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the arrival price of 60% potassium chloride in Qinghai Saltlake was 3,500-3,600 RMB/ton. Xiangyang Youdeshi offered 3,800 RMB/ton of potassium chloride at the end of this week, which was temporarily stable compared with last weekend. Zibo Dehe offered 4,000 RMB/ton for potassium chloride distribution at the end of this week, which was temporarily stable compared with that at the end of last week. At the end of this week, Anhui Badou offered 3,750 RMB/ton of potassium chloride, which was temporarily stable compared with last weekend. The port's 62% white potassium self-delivered price was about 3,700-3,800 RMB/ton. The self- delivered price of 60% bright red granules at the port was about 3,800-4,000 RMB/ton. 62% of Russian white potassium in border trade was about 3,500 RMB/ton.

Market outlook

At present, the price of potash fertilizer market fluctuates little, and the cost support is general. It is expected that the price of potassium nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.

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