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SunSirs: The Price of Potassium Nitrate Fluctuated and Fell This Week (11.4-11.8)

November 11 2019 10:40:43     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of domestic potassium nitrate fluctuated and fell this week. At the beginning of the week, the price of domestic industrial grade first-class potassium nitrate was 4362.50 RMB/ton, and at the end of the week, the price of domestic industrial grade first-class potassium nitrate was 4337.50 RMB/ton, down 0.57%.The current price fell by 5.45% year-on-year.

 

Analysis review

Product: This week, the domestic potassium nitrate market fluctuated and fell. In November, the recent domestic potassium fertilizer market showed no obvious signs of improvement. The trading atmosphere in the potassium nitrate market was relatively light. The downstream maintained just need to purchase, and was in a stable period of consumption. The supply and demand were relatively stable, and the market was in an overall state. As a whole, the operating rate of potassium nitrate manufacturers is at a low level, so the overall inventory of potassium nitrate is at a low level, and there is no sales pressure for the time being. The downstream purchase volume is on the low side for a small amount of replenishment, and there is basically no stock up situation, and the price of potassium nitrate keeps fluctuating and falling. Domestic mainstream manufacturers of potassium nitrate offer 4200-4500 RMB/ton.

 

Market outlook

The potassium nitrate analyst of SunSirs believes that this week, the market of potassium nitrate fluctuated and fell, the amount of goods supplied by traders was relatively sufficient, the market of potash fertilizer was always tepid, and the downstream demand did not improve temporarily. It is expected that the demand for potassium nitrate will not change much in the short term and the potassium nitrate market will be consolidated.

 

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