Price trend

According to the commodity market analysis system of SunSirs, at the beginning of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,437.50 RMB/ton, and over the weekend, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,450.00 RMB/ton, an increase of 0.23% and a month on month decrease of 1.36%. The current price had dropped by 7.23% year-on-year.

Analysis review

This week, the domestic potassium nitrate market had risen. From the chart, it can be seen that the recent potassium nitrate market had continued to rise for three consecutive weeks, and this week's market continued to rise. Recently, the domestic potassium fertilizer market prices had remained high and firm, with good cost support. The supply of goods was mostly in the hands of traders, and the market circulation of goods was limited, resulting in an increase in the potassium nitrate market. According to the statistics of SunSirs, the mainstream domestic potassium nitrate manufacturers quoted 5,150-5,300 RMB/ton this week (for reference only), and the prices may vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated and increased: as of November 24th, the market price of domestic 60% crystals potassium chloride was mostly between 2,820-2,850 RMB/ton. Supply was tight, and Potassium Chloride analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

In recent times, the domestic potassium fertilizer market had been mainly volatile and consolidating, and new policies from domestic manufacturers were still being discussed. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to be wait-and-see.

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