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 September 8, the average price of domestic potassium sulfate 50 grain samples was 4,600 RMB/ton, a change of -4.17% compared with the average price at the beginning of the month.

Analysis review

Recently, the momentum of the domestic potash fertilizer market has continued to decline, and the operating rate of potassium sulfate Mannheim-type enterprises has continued to be low. In the early stage, some enterprises produced autumn compound fertilizers to increase the load, but recently the operating rate of the industry has been stable at around 25%.Although the supply of potassium sulfate enterprises was low, the supply of goods in the market was abundant, and it was difficult for the supply side to form support for the spot.

Upstream potassium chloride continued to weaken. Border trade and port shipments continued to be high. Imported and domestic products filled domestic inventories at the same time. Downstream companies such as potassium carbonate and potassium nitrate did not make good purchases. Some merchants lost money and dumped goods. The price had fallen below the cost price. Potassium chloride did not support well for processing potassium sulfate enterprises. The downstream consumption was weak, the flow of compound fertilizer supply was slow in the third quarter, and the resistance to shipments in the north was even worse. In addition, export sales were affected to a certain extent by the export policy, which had created various pressures on the supply in the market. Enterprises lowered their ex-factory prices, merchants' mentality weakened, market offers were chaotic, and there were also many people who sold goods at low prices.

Market outlook

The potassium sulfate analyst of SunSirs believes that the domestic potassium sulfate market continued to fall this week, and the potassium chloride market fell. The domestic potassium sulfate cost support is weakened, the supply side is sufficient, the demand-side follow-up is poor, and the superimposed export sales are reduced. 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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