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SunSirs: Potassium Sulfate Prices Fell on Low Demand
August 19 2022 14:02:53SunSirs(John)

Price trend

According to the data of SunSirs, the domestic potassium sulfate market fell this week, and the spot price of each brand was lowered. As of August 18, the average price of domestic potassium sulfate 50 grain samples was 5,100 RMB/ton, a change of -4.67% compared with the average price at the beginning of the month.

Analysis review

This week, the momentum of the domestic potash fertilizer market continued to decline, and the operating rate of potash Mannheim-type enterprises continued to decline, and the overall operating rate had dropped to nearly 20%. The downstream consumption was not good. In addition, although the potassium sulfate enterprise had a low load, but the inventory position was high, it was difficult for the supply side to form support for the spot. The previous export policy continued, and export sales were affected to a certain extent, which also increased the supply pressure on the market.

The upstream potassium chloride continued to decline this week. Border trade and port shipments continued to be high, imported and domestic products filled domestic inventories at the same time, and purchases of downstream enterprises such as potassium carbonate and potassium nitrate were general, and competition in the field was intensified, and the price had dropped to the cost price. Potassium chloride did not well support for processing potassium sulfate enterprises. This week, the offers in the potassium sulfate field fell, the profit of the merchants was not good, the offers in many regions were upside down, and the news of new orders was scarce.

Market outlook

The potassium sulfate analyst of SunSirs believes that the domestic potassium sulfate market fell this week, and the potassium chloride market fell. The domestic potassium sulfate cost support is weakened, the supply side is low but the demand side follow-up is poor, coupled with the large supply of goods in the market, it is expected that the domestic potassium sulfate price may continue to weaken due to poor demand in the short term.

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