Price trend

According to the Commodity Market Analysis System of SunSirs, this week, the industrial grade first class potassium nitrate in Shanxi was quoted at 5,600 RMB/ton, an increase of 4.67% month on month, and the price had decreased by 16.01% year-on-year.

Analysis review

The domestic potassium nitrate market was fluctuating and consolidating this week. From the data from SunSirs, it can be seen that after three weeks of recent increase in the potassium nitrate market, the market remained basically stable this week. The market price of potassium chloride on the cost side fluctuated and increased, with good cost support. However, downstream demand was average, the potassium nitrate market was trading poorly, and the market was in consolidation. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,400-6,000 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride of manufacturers fluctuated and increased: on September 15th, Shandong Xinkaisheng Chemical Technology Co., Ltd. sold potassium chloride at around 3,000 RMB/ton, and on September 15th, Zibo Dehe Chemical Co., Ltd. sold potassium chloride at around 3,100 RMB/ton. The prices of potassium chloride in Saltlake and Zangge had increased, and the market atmosphere was good. The downstream market of potassium chloride had slightly increased, and downstream demand had increased, with procurement mainly on demand. Analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

Recently, the market price of domestic 60% white potassium chloride mostly was at 2,800 RMB/ton, and new sources of border trade were gradually opened up. Downstream procurement remained in demand, and it is expected that the price of potassium nitrate will mainly rise in the short term, while the long-term market still needs to wait and see.

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