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 5,425 RMB/ton, and at the end of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,375 RMB/ton, a decrease of 0.92% and a month on month decrease of 1.83%. The price had dropped by 9.28% year-on-year.

Analysis review

This week, the domestic potassium nitrate market had declined, and it can be seen from the above chart that the recent potassium nitrate market had mainly experienced slight fluctuations, and the market had continued to decline slightly this week. The market price of potassium chloride on the cost side had declined, with poor cost support. Downstream demand generally maintained procurement just in needed, and the trading atmosphere in the potassium nitrate market was light. New orders were still limited, and prices continued to decline. According to statistics from SunSirs, the mainstream domestic potassium nitrate manufacturers quoted 5,100-5,300 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the domestic market trend of potassium chloride and potassium chloride experienced a slight fluctuation and decline, with consolidation being the main trend. As of January 5th, the price of 62% white potassium chloride in ports was mostly between 2,720-2,780 RMB/ton. The prices of potassium chloride in Saltlakes and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand was average, industrial demand weakened, and the price of potassium chloride may fluctuate and fall in the future.

Market outlook

In recent times, the domestic potassium fertilizer market had been in a chaotic trend, with a decrease in potassium chloride prices and poor cost support. It is expected that the potassium nitrate market will mainly experience a slight decline in the short term, and the long-term market still needs to be watched.

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