SunSirs: Potassium Sulfate Operating Rate Declines and Overall Demand Weakens
February 13 2020 10:54:44 SunSirs (John)
Analysis review
The opening quotation of the Mannheim enterprise basically continues the price of the previous year, and there is a certain preferential space for actual transactions. Water and salt 50% powder of Northwest source reference price quoted at the station is about 2,500 RMB/ton, some companies are affected by high winter costs and low market operation to stop and repair, until March in accordance with the situation. Due to the impact of the epidemic, the operating rate of the domestic Mannheim potassium sulfate industry has dropped to about 41%. Coupled with the uncontrollable impact of sales and logistics, the inventory pressure of enterprises is still increasing. According to preliminary statistics, the consumption of potassium sulphate in 2019 is about 6% lower than that in 2018. At the end of the year, the carry over inventory is equivalent, both of which are at a historical high. If the sales pressure of hydrochloric acid, a by-product, is increased, the impact on Mannheim enterprises will be huge.
Market outlook
According to analysts of potassium sulphate of SunSirs, under the current situation, the market of potassium sulphate is unlikely to have a good expectation, and the demand in 2020 was expected to be weak. Now it seems that the market of potassium sulphate will have a downward trend in the next one or two months.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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