Price trend

According to the commodity market analysis system of SunSirs, the first grade industrial potassium nitrate in Shanxi was reported at 5,325 , at the beginning of the week, and 5,275 RMB/ton at the end of the week, a decrease of 0.94% and a month on month decrease of 3.21%. The current price had dropped by 10.78% 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 continued to decline slightly this week. The supply of potassium chloride continued to increase, and the price of imported 62% white potassium chloride was mostly between 2,450-2,550 RMB/ton, with poor cost support. Downstream demand generally maintained rigid procurement, while the price of potassium nitrate continued to decline. According to the statistics of SunSirs, the mainstream domestic potassium nitrate manufacturers quoted 4,900-5,200 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the domestic market for potassium chloride had declined. Domestic potassium chloride: The market price of 60% crystal chloride was mostly between 2,600-2,860 RMB/ton, while the reference price for 57% powder in small factories in Qinghai was 2,300-2,400 RMB/ton. In border trade areas, the price of 62% Russian white chloride was mostly between 2,450-2,480 RMB/ton, while in ports, the price of 62% white chloride was mostly between 2,500-2,600 RMB/ton, a decrease of 50 RMB/ton. In ports, the price of large particles chloride was between 2,700-2,750 RMB/ton, while in Laos, the price was between 2,400-2,420 RMB/ton, a decrease of 60 RMB/ton.

Market outlook

Recently, the domestic supply of potassium chloride had continued to increase, and the market was operating at a low level with poor cost support. It is expected that the potassium carbonate 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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