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 7,310.00 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 7,240.00 RMB/ton, a decrease of 0.96%. The price had dropped by 16.40% year-on-year.

Analysis review

The price of potassium carbonate fell in April. From the above chart, it can be seen that the potassium carbonate market had been declining for three consecutive months recently, and the decline in this month's market was greater than the increase. The overall market for raw material potassium chloride had fluctuated upwards, with good cost support. However, the competition pressure in the potassium carbonate market had increased, and downstream factories had weak procurement, resulting in a slight decline in the market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate was around 7,100-7,300 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 April was upward. In terms of imports, the price of 60% potassium chloride was mostly between 2,200-2,500 RMB/ton. Due to the low arrival volume in April, the domestic market performance was basically balanced between supply and demand, and the price remained rigid and strong. However, downstream factories generally had a resistance to price increases, and the peak season for spring plowing procurement was gradually coming to an end. Most enterprises had already replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers was decreasing.

Market outlook

As of April 26th, the domestic market price of potassium chloride continued to rise slightly, with highly concentrated supply and good 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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