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SunSirs: Potassium Nitrate Market Fell First and Then Rose in May
May 29 2020 14:15:22SunSirs(John)

Price trend

According to the data monitoring of SunSirs, at the beginning of the month, the price of domestic first-class industrial potassium nitrate was 4,325.00 RMB/ton, and at the end of the month, the price of domestic first-class industrial potassium nitrate was 4,262.50 RMB/ton, a decrease of 1.54%. The lowest price was 4,237.50 RMB/ton on May 22, and the current price was 1.45% lower than last year.


Analysis review   

In May, the domestic potassium nitrate first fell and then rose. Recently, the domestic potassium chloride was weak in consolidation. The inventory pressure was large, the port shipment speed continued to be slow, the downstream factory purchase was not active, the traders were eager to ship, the market real order transaction was general, and the potassium chloride price was weak in consolidation. The market of potassium nitrate is not well supported. As a whole, the operating rate of potassium nitrate manufacturers is at a low level, so the overall inventory of potassium nitrate is at a low level, and there is no sales pressure for the time being. The downstream purchase volume is on the low side for a small amount of replenishment, and there is basically no stock situation. The price of potassium nitrate keeps fluctuating and falling, and occasionally a small increase is also a flash in the pan. In May, the main domestic manufacturers of potassium nitrate quoted 4,000-4,400 RMB/ton (the quotation is only for reference), and the quotation is different according to the purchase situation.


Market outlook

Potassium nitrate analysts of SunSirs believe that: the domestic potassium fertilizer market has a large supply of goods, and there are still new ships arriving at the port after the import of potassium, the inventory is further increased, the overall transaction is not positive, and it is expected that the market situation of potassium nitrate in the short term will be dominated by a weak decline. The long-term market remains to be seen.


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