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SunSirs: Potassium Nitrate Market Rose Due to Cost Support
November 26 2020 13:24:41SunSirs(John)

Price trend

According to the data monitored by SunSirs, the domestic industrial grade first-class potassium nitrate was quoted at 4,100.00 RMB/ton on the 18th, and the domestic industrial-grade first-class potassium nitrate quoted at 4,125.00 RMB/ton on the 25th. The price increased by 0.61% month-on-month and fell 5.17% year-on-year.

Analysis review

Recently, the domestic potassium nitrate market has risen slightly. The domestic production of domestic potassium equipment is relatively normal. The downstream factories mostly maintain on-demand procurement. The inventory is average. The price is rising recently. According to the statistics of SunSirs: this week, the domestic mainstream potassium nitrate manufacturers quoted 3,900-4,400 RMB/ton (quotation is for reference only), the quotation varies according to the purchase situation.

On November 25, the potassium chloride plant of Qinghai Salt Lake Potash Co., Ltd. was operating normally. The ex-factory price was 1,950 RMB/ton, and the price was temporarily stable. The actual transaction price was mainly negotiated. The downstream procurement enthusiasm was average, and the supply of potassium chloride was normal. The potassium chloride market remained stable at a high level, which gave potassium nitrate a certain cost support.

Market outlook

Recently, the domestic market price of potassium chloride has been stable and the production volume is not large. Some small factories have stopped production and the inventory is not high. It is expected that the potassium nitrate market will mainly rise slightly in the short term. The long-term market still needs to wait and see.

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