Price trend

According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, the average ex factory tax price of Shanxi's light potassium carbonate was 7,340.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,220.00 RMB/ton, a decrease of 1.63%. The price had decreased by 6.23% month on month, and the price had decreased by 26.14% year-on-year.

Analysis review

Potassium carbonate prices fell this week. From the above chart, it can be seen that recently, the potassium carbonate market mainly declined, and the market continued to decline slightly this week. Domestic potassium manufacturers had sufficient supply, and the price of potassium chloride market was weak and lower. The transaction volume in the potassium carbonate market was flat, and the shipment volume was poor, resulting in a continuous decline in the potassium carbonate market. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate in China this week was around 6,700-7,000 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the quotation of domestic mainstream manufacturers of potassium chloride had fluctuated: on August 4, the distribution price of potassium chloride of Anhui Badou Chemical Co., Ltd. was about 2,700 RMB/ton. As of August 4, 62% white potassium chloride in the port was mostly at 2,450-2,500 RMB/ton. Recently, the international market demand for potassium chloride was insufficient, and the price showed a downward trend. The trading of domestic spot market of potassium chloride was general and the price of potassium chloride fell slightly in shock. It is expected that the potassium chloride market will consolidate at a high level in the future.

Market outlook

Recently, the domestic potash fertilizer market was in the off-season, and the market of potassium chloride was not good. The downstream still purchased on demand. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.