Price trend

According to the commodity market analysis system of SunSirs, at the beginning of the week, the first class industrial potassium nitrate in Shanxi was quoted at 5,525 RMB/ton, and at the weekend, the first class industrial potassium nitrate in Shanxi was quoted at 5,400 RMB/ton, down 2.26%, down 0.46% month on month, and the price was down 23.40% year on year.

Analysis review

The domestic market of potassium nitrate fell this week. As can be seen from the figure above, the market of potassium nitrate fell in the recent month, and continued to decline this week. The inventory of potassium nitrate had increased, and the market trading atmosphere was light. In order to sell goods, the manufacturer had lowered the price. According to the statistics of SunSirs, this week the mainstream manufacturers of potassium nitrate in China quoted 5,200-5,600 RMB/ton (the quotation is for reference only), which varied according to 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 for potassium chloride was not good. The downstream still purchased on demand. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.

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