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SunSirs: Potassium Nitrate Market Showed a Downward Trend in October
October 29 2020 13:42:16SunSirs(John)

Price trend

According to the data monitored by the business agency, the potassium nitrate market in October showed a downward trend. At the beginning of the month, domestic industrial grade first-class potassium nitrate was quoted at 4,162.50 RMB/ton, and at the end of the month, domestic industrial-grade first-class potassium nitrate quoted at 4,100.00 RMB/ton, a decrease of 1.5%. The current price fell 1.5% month-on-month, and the current price fell 6.02% year-on-year.

Analysis review

The domestic potassium nitrate market fell in October, and the operating rate of downstream plants did not rise significantly. Raw materials were mostly purchased on demand. The potassium nitrate market had a poor trading atmosphere and fewer real orders. In general, potassium nitrate Manufacturers' mentality is low, and the market for potassium nitrate has fallen. According to the statistics of SunSirs: this week, the domestic mainstream manufacturers of potassium nitrate are quoting 3,900-4,400 RMB/ton (quotations are for reference only), and the quotations are different according to different purchase conditions.

Recently, the actual transaction in the potassium chloride market is not good. The weekend ex-factory price of potassium chloride in Qinghai Salt Lake is 1,850 RMB/ton. Compared with the beginning of the week, the price is temporarily stable. On the whole, the main contradiction in the market is oversupply. The trading atmosphere is deserted, downstream procurement is mainly demanded, overall inventory is low, and the purchasing market momentum is low. The domestic potassium chloride market remains stable, and there is limited support for potassium nitrate.

Market outlook

Recently, the supply of potassium chloride ports is relatively sufficient, and the market is consolidating at a high level. New orders in the domestic potash market are not active. It is expected that the potassium nitrate market will fall mainly in the short term, and the long-term market still needs to wait and see.

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