SunSirs: Potassium nitrate market price rose slightly

According to the data monitored by the SunSirs, the quotation of Shanxi industrial grade first-class potassium nitrate at the beginning of the week was 7550.00 RMB/ton, and the quotation of Shanxi industrial grade first-class potassium nitrate at the end of the week was 7587.50 RMB/ton, an increase of 0.50%, and the price increased by 66.39% year-on-year.

potassium nitrate

The domestic potassium nitrate market rose slightly this week. It can be seen that the recent potassium nitrate Market showed a fluctuating upward trend, and the market continued to rise this week. This is mainly because of the recent sharp rise in raw materials, the passive rise of potassium nitrate manufacturers, traders' reluctance to sell goods, general market transactions, and the market of potassium nitrate continues to rise. According to the statistics of the business agency, the quotation of the mainstream domestic potassium nitrate manufacturers this week is 7500-7700 RMB/ton (the quotation is only for reference), and the quotation varies according to different procurement conditions.

Recently, the international market price of potassium chloride has been strong and rising. On June 2, the potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operated normally. The ex factory price was about 4480 RMB/ton, and the quotation increased by 500 RMB/ton. However, the domestic spot market is in short supply, the domestic inventory is relatively low, the supply exceeds the demand, and the price of potassium chloride rises slightly. The high price of potassium chloride can provide strong cost support for potassium carbonate.

Recently, the price of potash fertilizer in China has remained at a high level, the cost has remained at a high level, and the market is in short supply. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.

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