Price trend

According to the data monitored by SunSirs, at the beginning of the week, the price of Shanxi's industrial first class potassium nitrate was 5,960 RMB/ton, and at the end of the week, the price of Shanxi's industrial first class potassium nitrate was 5,940 RMB/ton, down 0.34%, up 1.11% month-on-month, and the current price fell 6.70% year on year.

Analysis review

This week's domestic potassium nitrate market fluctuated and fell. It can be seen from the above figure that the recent potassium nitrate market fluctuated slightly, and this week's market fluctuated and fell. The supply of domestic potassium manufacturers was normal, and the supply of goods in Qinghai was mostly in the process of continuous outer delivery, and the price had declined slightly. Potassium nitrate was downward affected by the decline in cost. According to the statistics of SunSirs, the domestic mainstream manufacturers of potassium nitrate quoted 5,600-5,900 RMB/ton this week (for reference only), which varied according to different procurement conditions.

Recently, the quotations of mainstream domestic potassium chloride manufacturers dropped: the distribution price of potassium chloride of Anhui Badou Chemical Co., Ltd. was about 3,800 RMB/ton, and the quotations were temporarily stable, and the actual transaction price was mainly negotiated. The demand of international potassium chloride market was poor recently, and the price was in a downward trend. The domestic spot market of potassium chloride has a average trading volume, and the price of potassium chloride fell slightly. It is expected that the market of potassium chloride will consolidate at a high level in the future.

Market outlook

The domestic potash fertilizer market consolidated, the supply of the market was relatively sufficient, the cost support was general, and the downstream maintained just in need of procurement. It is expected that the price of potassium nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.

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