Price trend

According to the Commodity Market Analysis System of SunSirs, the industrial grade first class potassium nitrate in Shanxi was quoted at 5,550 RMB/ton at the beginning of the week, while the industrial grade first class potassium nitrate in Shanxi was quoted at 5,450 RMB/ton at the end of the week, a decrease of 1.80%, a month on month decrease of 2.63%, and the price had decreased by 15.18% compared to last year.

Analysis review

The domestic potassium nitrate market declined this week, and it can be seen from the above chart that the recent potassium nitrate market had mainly experienced slight fluctuations, and the market continued to decline slightly this week. The market price of potassium chloride on the cost side declined, with poor cost support. Downstream demand generally maintained just in demand procurement. The trading atmosphere in the potassium nitrate market was light, with inventory rising and prices continuing to decline. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,300-5,500 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers fluctuated slightly: on October 13th, the distribution price of potassium chloride by Zibo Dehe Chemical Co., Ltd. was around 3,000 RMB/ton. The trend of potassium chloride market may fluctuate and decline slightly, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand weakened, industrial demand was average, and potassium chloride prices may fluctuate and fall in the future.

Market outlook

Recently, the domestic market price of potassium chloride had continued to decline, with the price of 62% white potassium chloride at ports mostly ranging from 2,750 to 2,800 RMB/ton. It is expected that the price of potassium nitrate will mainly decline in the short term, and the long-term market still needs to wait and see.

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