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

Price trend

According to the data monitoring of SunSirs, the price of potassium carbonate fluctuated and fell this week. At the beginning of the week, the average domestic price of light potassium carbonate was 6,434.50 RMB/ton. The average price of domestic light potassium carbonate in the weekend was 6425.00 RMB/ton. The decline was 0.19%, and the current price fell by 7.05% year-on-year.

Analysis review

Product: This week, the market for potassium carbonate fluctuated and fell. The price of potassium carbonate has been stable in Gold September and Silver October. In November, the price of potassium carbonate failed to maintain a slight decline. The market trading atmosphere is relatively cold, while the demand side maintains the need for procurement, causing the price of potassium nitrate to fluctuate and consolidate. The actual transaction volume of the market is relatively general. At the same time, the operating rate of the factory equipment is at a low level. The overall stock inventory is low in the purchasing market. According to SunSirs statistics: in November, the domestic industrial grade potassium carbonate mainstream factory price range is around 6200-6500 RMB/ton (quote is for reference only), according to the purchase situation, the quotation is different.

Market outlook

The potassium carbonate analyst of SunSirs believes that this week's potassium carbonate market fluctuated and fell. The trading atmosphere of the potash fertilizer market was deserted, and the downstream demand did not improve temporarily. The market supply exceeds demand is difficult to improve, and the transaction is difficult. In the short term, the price of potassium carbonate is mainly based on consolidation, and the long-term market still needs to wait and see.

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