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SunSirs: Potassium Chloride Price Temporarily Stabilized in the Week (October 14-18)

October 21 2019 10:26:29     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the comprehensive price of potassium chloride was temporarily stabilized last week. The average price of mainstream mainstream potassium chloride last week was 2225.00 RMB/ton, down 6.32% year-on-year. Overall, the market for potassium chloride was temporarily stabilized last week, and the price index for potassium chloride on October 18 was 70.63.

 

Analysis review

Product: Last week, the mainstream manufacturers of potassium chloride are temporarily stable: Qinghai Salt Lake potassium chloride weekend factory price was 2200 RMB/ton, compared with the beginning of the week, the offer was temporarily stable; Anhui Badou KCl weekend distribution price was 2250 RMB/ton, Compared with the beginning of the week, the offer was temporarily stable. Last week, the actual transaction of potassium chloride market was not good. Overall, the main contradiction in the market was that supply exceeds demand, the trading atmosphere was deserted, downstream procurement was just needed, overall inventory was low, procurement market momentum was low, domestic potassium chloride market was stable.

 

Market outlook

In late October, the overall trend of the potassium chloride market or the low level consolidation was dominant. After the adjustment in September, the funds returned by the factories were in good condition, the equipment was overhauled, and the production capacity increased. However, the market for potassium chloride is currently facing the oppression of three mountains, namely, large deposits, weak demand and falling international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. KCl analysts in the business community believe that the short-term potassium chloride market is dominated by supply and demand and raw materials, and the potassium chloride market is dominated by low-level consolidation.

 

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