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SunSirs: The Market of Potassium Nitrate in Shanxi Fluctuated and Consolidated in February
February 28 2023 14:27:12SunSirs(John)

Price trend

According to the data monitored by SunSirs, at the beginning of the month, the price of Shanxi's industrial first class potassium nitrate was quoted at 5,875.00 RMB/ton, and at the end of the month, the price of Shanxi's industrial first class potassium nitrate was quoted at 5,960.00 RMB/ton, up 1.45%. The current price fell 5.40% year-on-year.

Analysis review

In February, the domestic potassium nitrate market fluctuated and consolidated. According to the data of SunSirs, the potassium nitrate market had fluctuated and declined for two consecutive months since 2023, and the market had not fluctuated much this month. The supply of raw potassium chloride was mostly concentrated in the hands of large traders. The amount available for sale on the market was limited, and the market of potassium nitrate was basically stable. According to the statistics of SunSirs, the domestic mainstream manufacturers of potassium nitrate recently quoted 5,700-6,100 RMB/ton (the quotation was for reference only), which varied according to the purchase situation.

In February, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the price of 62% white potassium at the port was mostly 3,500~3,550 RMB/ton. The price of potassium chloride in the port also declined slightly. The price of 62% white potassium in the port rose to 3,750 RMB/ton, which was the same as last week; The self-delivered price of 60% bright red granules at the port was about 3,875 RMB/ton, down 25 RMB/ton from last week.

Market outlook

As of the 24th, the price of potash fertilizer market was weak and consolidated, with general cost support. It is expected that the price of potassium nitrate will mainly fall in the short term, while the long-term market still needs to wait and see.

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