Price trend

According to the Commodity Market Analysis System of SunSirs, the industrial grade first class potassium nitrate in Shanxi was quoted at 5,450 RMB/ton at the beginning of the week, while the industrial grade first class potassium nitrate in Shanxi was quoted at 5,425 RMB/ton at the end of the week, a decrease of 0.46% and a month on month decrease of 2.25%. The price had decreased by 14.23% 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 mainly experienced slight fluctuations, and the market continued to decline slightly this week. The market price of potassium chloride on the cost side fluctuated slightly, cost support was average, downstream demand was poor, procurement was weak, and the inventory of potassium nitrate manufacturers was higher, leading to a downward adjustment in prices. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,100-5,500 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 20th, the distribution price of potassium chloride by Zibo Zhongsheng Chemical Co., Ltd. was around 3,000 RMB/ton. The trend of potassium chloride market was mainly sorted out. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average.

Market outlook

Recently, there was an upward trend in the domestic potassium chloride market price, the supply of goods in the market was relatively concentrated and traders were reluctant to sell. Cost support was good, 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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