Price trend

According to the commodity market analysis system of the SunSirs, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,510.00 RMB/ton at the beginning of the month. At the end of the month, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,400.00 RMB/ton, a decrease of 1.46%. The price had dropped by 18.68% year-on-year.

Analysis review

The price of potassium carbonate fell in January. From the above chart, it can be seen that the potassium carbonate market had been declining for two consecutive months recently, and the market had continued to decline this month. The overall market situation of raw material potassium chloride had significantly declined, with poor cost support, poor downstream operating rates, and weak transactions in the potassium carbonate market, resulting in a sustained decline in the market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate was around 7,200-7,300 RMB/ton recently (for reference only), and the quotation varied depending on the procurement situation.

According to the Commodity Analysis System of SunSirs, the overall trend of potassium chloride market in January was downward. The downstream market demand was sluggish, and the pressure on potassium chloride to sell had increased. This week, the domestic market price of imported potassium chloride had dropped significantly. According to the Commodity Analysis System of SunSirs, the price of potassium chloride had dropped from 3,080 RMB/ton at the beginning of the month to 2,800 RMB/ton over the weekend, a decrease of 8.91%. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, but new transactions were limited. The downstream market for potassium chloride continued to decline, downstream demand was weakened and mainly purchased on demand. Recently, international potassium fertilizer had also shown a weak trend. SunSirs' potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.

Market outlook

As of January 29th, the domestic potassium chloride market had slightly improved, with downstream pre holiday stocking. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to be wait-and-see.

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