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SunSirs: Spring Was Blooming & Potassium Sulfate Ushered in Good Season in March

April 02 2020 13:13:53     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the potassium sulfate market continued to rise in March, with the highest price increase of more than 100 RMB/ton. In the spring farming season, the potassium sulfate sales peak season, plus the low operating rate after the previous year, no inventory pressure, the price went up all the way.

 

Analysis review   

At the beginning of March, the agricultural demand for potash fertilizer increased continuously, the start-up of downstream compound fertilizer enterprises increased significantly, the upstream potassium chloride market also increased gradually, and the potassium sulfate Market improved accordingly. After the year, the shutdown and maintenance of the plants in Mannheim's potassium sulphate enterprises were more frequent, with the operating rate of about 50%. Only the Luo Potassium company started to operate in the water and salt system. The enterprises had no inventory pressure, and the price of hydrochloric acid was stuck upside down, and the market began to rise steadily. By the end of March, t the operating rate of the Mannheim potassium sulfate industry in the Northeast market was still as high as 80%. Although the price of potassium sulphate had no upward momentum, it was mainly stable as a whole. The main factory price of 52% water-soluble powder and 50% Extruded round particles was 2,850 RMB/ton, basically without any discount Water salt system potassium sulfate manufacturers offer: Xinjiang 51-52% powder 3,100-3,150 RMB/ton; Qinghai 50% powder 2,300-2,380 RMB/ton. Many Mannheim manufacturers' order plans are too full, and some have already been scheduled to mid to late April.

 

Industrial chain

Upstream: the fluctuation trend of potassium chloride price will continue for a period of time, because there is a lot of port inventory and the border trade continues to arrive, the price should not fall sharply, and once the negotiation of large contracts continues to delay, it is not ruled out that the price may also fluctuate slightly again.

Downstream: at the end of March, the demand for compound fertilizer in spring has basically entered a period of completion, and the demand space has been more than half, so there is no big wave in the short term.

 

Market outlook

SunSirs analysts believe that at present, Mannheim manufacturers' orders are mainly shipped in the early stage, and the quotation tends to be high-end gradually. The volume of new orders is fair, and the shipping pressure is not big. It is expected that the price will remain stable in the short term and pay attention to the change of upstream potassium chloride market at any time.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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