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SunSirs: Potassium Chloride Prices Fell Slightly This Week (July 13-17)

July 21 2020 14:51:37     SunSirs (John)

Price trend

As can be seen from the above chart, the comprehensive price of potassium chloride fell slightly this week. The average price of the mainstream comprehensive quotation of potassium chloride this week fell from 1,850.00 RMB/ton at the beginning of the week to 1,835.00 RMB/ton at the weekend, a decrease of 0.81%, and a decrease of 21.91% compared with the same period last year. On the whole, the potassium chloride market fell slightly this week, and the potassium chloride commodity index on July 17 was 58.25.

Analysis review

The quotations of mainstream manufacturers of potassium chloride dropped slightly this week: the weekend ex-factory price of potassium chloride in Qinghai Salt Lake was 1,820 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; the weekend distribution price of Anhui Badou potassium chloride was 1,850 RMB/ton, and compared with the beginning of the week, the quotation dropped by 30 RMB/ton. The actual transaction in the potassium chloride market this week was not good. On the whole, the main contradiction in the market was oversupply, the trading atmosphere was deserted, the downstream procurement was mainly demanded, the overall inventory was low, the purchasing market momentum was low, and the domestic potassium chloride market maintained stability.

Market outlook

The overall trend of the potassium chloride market in late July may be dominated by a low consolidation. The potassium chloride market is currently facing the oppression of three mountains, that is, the port stock is large, the demand is weak, and the international price is falling. Therefore, the main contradiction in the current market is oversupply. The Potassium Chloride Analyst of SunSirs believes that the short-term potassium chloride market is mainly affected by the supply and demand and raw materials, and the potassium chloride market may consolidate at a low level.

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