SunSirs: Potassium Nitrate Market Rose Slightly This Week (September 21-25)
September 28 2020 07:40:40 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the domestic industrial grade first-class potassium nitrate was quoted at 4,150.00 RMB/ton at the beginning of the week, and the domestic industrial-grade first-class potassium nitrate quoted at 4,162.50 RMB/ton at the weekend, a decrease of 0.3%. The current price fell 0.6% from the previous month. , The current price fell 4.86% year-on-year.
Analysis review
Domestic potassium nitrate rose slightly this week, and the atmosphere in the venue was general. The demand for raw materials in downstream factories was relatively weak, and they purchased on-demand to curb the price increase, and the price adjustment was not large. According to the statistics of SunSirs: this week, the domestic mainstream manufacturers of potassium nitrate were quoting 4,000-4,400 RMB/ton), and the quotations were different according to different purchase conditions.
The potassium chloride market was strong this week, and the supply of imported potassium at the port was relatively sufficient. However, the goods were mostly concentrated in the hands of traders to control sales. The actual transactions were relatively thin, mainly small orders. A certain degree of support was formed for potassium nitrate, and the market for potassium nitrate rose slightly.
Market outlook
Recently, the potash fertilizer market has maintained a firm trend, and traders' quotations have not been adjusted significantly, and the supply of imported potassium is relatively sufficient. It is expected that the potassium nitrate market will rise slightly in the short term, and the long-term market still needs to wait and see.
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