SunSirs: Potassium Carbonate Market Fell This Week（June 8-12）
June 15 2020 10:39:56 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the average domestic ex-factory price of light potassium carbonate at the beginning of the week was 6,312.50 RMB/ton, and the average domestic ex-factory price of light potassium carbonate at the weekend was 6,250.00 RMB/ton, a decrease of 0.20%. The current price fell by 1.19% month-on-month, and the current price fell by 6.90% year-on-year.
Analysis review
Product: This week, the domestic potassium carbonate fell slightly, the trading atmosphere of the potassium carbonate market was tepid, the activity was low, the demand side was weak, the actual transaction volume in the market was insufficient, and the downstream purchases remained mainly in demand. According to the statistics of SunSirs: This week, the domestic factory-grade potassium carbonate mainstream quotation range was around 6,000-6,400 RMB/ton (the quotation is for reference only), and the quotation was different according to the purchase situation.
Industrial chain: The offer of potassium chloride mainstream manufacturers this week was temporarily stable, and the potassium chloride market was currently under pressure from three big mountains, namely, large port stocks, weak demand and downward international prices. Therefore, the main contradiction in the current market was oversupply and had limited support for potassium carbonate.
Market outlook
Analysts of the potassium carbonate business agency believe that the overall trend of the domestic potash fertilizer market has been weak recently, and the total supply is at a high level. Subsequent prices are mainly affected by inventory. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.
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