SunSirs: Potassium Nitrate Prices First Fell and Then Rose in November
November 29 2019 11:08:50 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the domestic potassium nitrate price fluctuated and consolidated in November. At the beginning of the month, the domestic industrial first-class potassium nitrate was quoted at 4362.50 RMB/ton, and at the end of the month, the domestic industrial first-class potassium nitrate was quoted at 4350.00 RMB/ton, a 0.29% decrease , The current price fell 5.18% year-on-year.
Analysis review
Product: In November, the domestic potassium nitrate market price fell first and then rose. On November 4, Jiaocheng County Bingsheng Chemical Co., Ltd. adjusted the price by 100 RMB/ton, and the adjusted price was 4400 RMB/ton. On November 19, Wentong Potassium Salt Group Co., Ltd. adjusted the price by 5 RMB/ton, and the adjusted price was 4,300 RMB/ton. The decline was mainly due to the slight decline in the upstream raw material nitric acid, which did not play a certain role in supporting the price of potassium nitrate. In addition, the overall downstream demand is average, the inventory is relatively sufficient, and the upward momentum is insufficient. It mainly maintains stability. The price of November has not changed much. The mainstream domestic potassium nitrate manufacturers have quoted 4,200-4500 RMB/ton.
Market outlook
According to the analysts of potassium nitrate of SunSirs, consolidation will be the recent nitric acid market’s main trend, spot trading is tepid and tepid, and it is expected that the demand for potassium nitrate will not be greatly improved in the short term, so the market consolidation may continue.
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