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SunSirs: Potassium Nitrate Market Shaked Consolidation This Week (December 2-6)

December 09 2019 13:31:19     SunSirs (John)

Price trend

According to the data of SunSirs, the domestic potassium nitrate price fluctuated and consolidated this week. This week, the domestic first-class potassium nitrate price was 4,350.00 RMB/ton, and the current price fell 5.43% year-on-year.

 

Analysis review        

Product: This week, the domestic potassium nitrate market fluctuated and consolidated. The market transaction atmosphere was general, and the downstream demand was average. It was in a period of stable consumption. Supply and demand were relatively stable, and the market was in consolidation. In addition, the overall downstream demand Was general, the inventory was relatively sufficient, the rising power was insufficient, and the price was mainly stable. This week, the price change was not big. The domestic mainstream potassium nitrate manufacturers offered 4,200-4,500 RMB/ton.

 

Market outlook

Potassium nitrate analysts of SunSirs believed that this week's market situation of potassium nitrate fluctuated and consolidated, but the demand-side procurement was general. It was expected that potassium nitrate demand would not be greatly improved in the short term.

 

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