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SunSirs: Potassium nitrate market rose this week
June 10 2022 16:08:39()

According to the data monitored by the SunSirs, the quotation of Shanxi industrial grade first-class potassium nitrate at the beginning of the week was 7587.50 RMB/ton, and the quotation of Shanxi industrial grade first-class potassium nitrate at the end of the week was 7737.50 RMB/ton, an increase of 0.66%, and the price increased by 66.76% year-on-year.

potassium nitrate

This week, the domestic potassium nitrate market rose slightly. Recently, the potassium nitrate market rose for three consecutive weeks, and the market continued to rise this week. This week, the sea transportation volume of imported potassium salt is not sufficient, and the replenishment of imported potassium chloride supply at the port is relatively limited. The shortage of raw materials drives the market of potassium carbonate to rise. According to the statistics of the business agency, the quotation of the mainstream domestic potassium nitrate manufacturers this week is 7500-7900 RMB/ton (the quotation is only for reference), and the quotation varies according to different procurement conditions.

Recently, the domestic market price of imported potassium chloride has risen slightly. The potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operates normally. The ex factory price is about 4480 RMB/ton, the quotation is temporarily stable, and the actual transaction price is mainly negotiated. Recently, the international market price of potassium chloride has been strong and rising, while the domestic spot market is in short supply, and the domestic inventory is relatively low. The supply exceeds the demand. The price of potassium chloride has risen slightly. It is expected that the potassium chloride market will be consolidated at a high level in the future.

Recently, there is a shortage of potash fertilizer in China. The supply of potassium chloride imported from the port is relatively limited, and the cost support is strong. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.

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