Price trend  

According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,360.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,340.00 RMB/ton, a decrease of 0.27%. The price had decreased by 0.81% compared to the previous year, and the price had dropped by 19.52% year-on-year.

Analysis review

The price of potassium carbonate had fallen this week. From the above chart, it can be seen that the potassium carbonate market had mainly experienced a slight decline in the past two months, and this week's market continued to decline slightly. The supply of potassium chloride continued to increase, with poor cost support. After the Spring Festival, downstream demand generally maintained rigid procurement, and market transactions were weak, leading to a decline in the potassium carbonate market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,200-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the domestic market for potassium chloride had declined. As of February 23rd, the temporary arrival price of 60% white potassium chloride in Qinghai was still maintained at 2,860 RMB/ton, and the factory price of 57% powder potassium chloride from small factories in Qinghai was 1,900 RMB/ton. The market was temporarily waiting for the clear settlement price of Qinghai Saltlake Co., Ltd. at the end of February. 62% of the port's white potassium chloride had a self delivery price of 2,500 RMB/ton, and 60% of the port's large red particles potassium chloride had a self delivery price of 2,750 RMB/ton. Domestic potassium chloride prices may experience a slight fluctuation and decline, with consolidation being the main trend.

Market outlook

Recently, the domestic supply of potassium chloride had continued to increase, and the market was operating at a low level with poor cost support. It is expected that the potassium carbonate market will mainly experience a slight decline in the short term. The long-term market still needs to be watched.

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