Price trend  

According to the commodity market analysis system of RMB/ton, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,400.00 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 7,330.00 RMB/ton, a decrease of 0.95%. The price had dropped by 19.63% year-on-year.

Analysis review

The price of potassium carbonate fell in February. From the above chart, it can be seen that the potassium carbonate market had been declining for three consecutive months recently, and the market had continued to decline this month. The overall market for raw material potassium chloride had fluctuated downward, with poor cost support and poor downstream operating rates. After the Spring Festival, the transaction volume in the potassium carbonate market had been weak, and the market had continued to decline. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate was around 7,150-7,300 RMB/ton (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 February was downward. The prices of Saltlake and Zangge potassium chloride were temporarily stable, but new transactions were limited. The downstream market for potassium chloride continued to decline, with weakened downstream demand and a focus on essential procurement. Recently, international potassium fertilizer had also shown a weak trend. SunSirs's potassium chloride analyst believes that domestic potassium chloride imported prices may slightly decline in the short term.

Market outlook

As of February 28th, there was sufficient supply of imported potassium chloride, and the price of 62% white potassium chloride was mostly between 2,430-2,450 RMB/ton, with poor cost support. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.

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