Price trend

According to the Commodity Market Analysis System of SunSirs, at the beginning of the month, Shanxi's industrial grade first class potassium nitrate was quoted at 5,525.00 RMB/ton. At the end of the month, Shanxi's industrial grade first class potassium nitrate was quoted at 5,375.00 RMB/ton, a decrease of 2.71%. The lowest price was quoted at 5,250.00 RMB/ton on August 19, a decrease of 4.98% compared to the highest point at the beginning of the month. The price decreased by 23.36% compared to last year.

Analysis review

In August, the domestic potassium nitrate market first fell and then rose. From the above figure, it can be seen that the potassium nitrate market continued to rise in the first two months. From the end of last month to this month, the market showed a fluctuating trend, and the decline was greater than the increase. In the early stage, the decline continued from the previous month, while in the later stage, the raw material potassium chloride increased at the end of the month, with good cost support. Potassium nitrate followed the cost increase. Manufacturers shipped normally, and the market rose slightly. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate recently quoted 5,200-5,500 RMB/ton (for reference only), and the prices varied depending on the procurement situation.

According to the Commodity Analysis System of SunSirs, the overall trend of potassium chloride market in August was first downward and then upward. Domestic potassium chloride: The market price of 60% potassium chloride was mostly between 2,400-2,550 RMB/ton (increased by 50 RMB/ton), and the port price of 62% white potassium chloride was around 2,700-2,750 RMB/ton (increased by 100 RMB/ton); 60% large particle potassium chloride at the port was around 2,700-2,750 RMB/ton; Border trade areas: the 62% Russia white potassium chloride prices were mostly between 2,400-2,450 RMB/ton; Qinghai 60% potassium chloride arrived at the station at around 2,800 RMB/ton. Analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

As of August 28th, the border trade had not yet arrived, and the domestic potassium chloride market supply was tight. Potassium chloride is expected to rise, and cost support was good. 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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