SunSirs: Potassium Nitrate Market Rose This Week (May 5-7)

Price trend

According to the data monitored by SunSirs, the domestic industrial grade first-class potassium nitrate was quoted at 4,375.00 RMB/ton at the beginning of the week, and the domestic industrial-grade first-class potassium nitrate quoted at 4,387.50 RMB/ton at the weekend, an increase of 0.29%, a month-on-month increase of 2.46% and an increase of 3.26% year-on-year.

Analysis review

This week, the domestic potassium nitrate market rose, and the market supply was tight. Most of the supply was concentrated in the hands of large traders. They were reluctant to sell, and the overall turnover of the market was slow. The overall supply was at a low level, and the downstream market purchased on demand, the potassium nitrate market continued to rise. According to the statistics of SunSirs: this week, the domestic mainstream manufacturers of potassium nitrate quoted at 4,100-4,600 RMB/ton (quotations were for reference only), and the quotations were different according to different purchase conditions.

Recently, the quotation of mainstream manufacturers of potassium chloride has been at a high level: on May 7, the potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operated normally, and the ex factory quotation was about 2,400 RMB/ton, which was temporarily stable, and the actual transaction price was mainly through negotiation. On May 7, Anhui Badou Chemical Co., Ltd. quoted about 2,650 RMB/ton for potassium chloride distribution, which was temporarily stable, and the actual transaction price was mainly through negotiation. The potassium chloride market has been consolidating at a high level recently, cost support is good, the supply of imported potassium at the port is limited, and the downstream procurement enthusiasm is still acceptable, which give support to potassium nitrate market.

Market outlook

Recently, the domestic potash fertilizer market has maintained a steady trend. The new arrivals at the port are limited and the supply continues to be tight. It is expected that the potassium nitrate market will mainly rise in the short term. The long-term market still needs to wait and see.

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