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SunSirs: Potassium Chloride Prices Rose Slightly This Week (August 17-21)

August 25 2020 14:47:25     SunSirs (John)

Price trend

As can be seen from the above chart, the comprehensive price of potassium chloride rose slightly this week. The average price of the mainstream comprehensive quotation of potassium chloride this week rose from 1850.00 RMB/ton at the beginning of the week to 1855.00 RMB/ton at the weekend, an increase of 0.27%, a year-on-year decrease of 18.10% compared to the same period last year. On the whole, the potassium chloride market rose slightly this week, and the potassium chloride commodity index on August 21 was 58.89.

Analysis review

The quotations of mainstream manufacturers of potassium chloride rose slightly this week: the weekend ex-factory quotation of potassium chloride in Qinghai Salt Lake was 1,830 RMB/ton, compared with the beginning of the week, the quotation increased by 10 RMB/ton; the weekend distribution quotation of Anhui Badou potassium chloride was 1,880 yuan /ton, compared with the beginning of the week, the price was temporarily stable. 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 August 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 that supply exceeds demand. The Potassium Chloride Analyst of SunSirs believes that the short-term potassium chloride market is mainly affected by supply and demand and raw materials, and the potassium chloride market may be consolidating at a low level.

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