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SunSirs: The Potassium Nitrate Market Fell This Week (April 8-12)
April 16 2024 10:00:38SunSirs(John)

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 5,000.00 RMB/ton, and over the weekend, Shanxi's industrial grade first-class potassium nitrate was quoted at 4,975.00 RMB/ton, a decrease of 0.50%, a month on month decrease of 2.21%, and the price had dropped by 10.76% 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 domestic market price of potassium chloride was at a relatively high level, with acceptable cost support, but downstream demand remained weak, and the sales of potassium nitrate in the market were poor, resulting in a decline in potassium nitrate prices. According to statistics from SunSirs, the mainstream domestic manufacturers of potassium nitrate quoted 4,700-4,800 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the domestic market for potassium chloride had been consolidating. The market price of 60% potassium chloride crystals in China was mostly between 2,300-2,390 RMB/ton, while the price of 57% powder potassium chloride for small factories in Qinghai was based on 2,050-2,150 RMB/ton; Border trade areas: 62% of Russian white potassium chloride prices were mostly between 2,150-2,200 RMB/ton.

Market outlook

Recently, some varieties of potassium chloride in the domestic market had been in a situation of no stock and no price. As of April 12, the market supply of goods was relatively concentrated, mostly in the hands of large traders, with a strong intention to raise prices. 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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