Price trend
Recently, potassium chloride prices have been consolidating at high levels. As of February 10, the benchmark price of imported potassium chloride from SunSirs was 3,616.67 RMB/ton, unchanged from the beginning of the month.
Imported potassium: 62% white potassium chloride was quoted at 3,350-3,400 RMB/ton in border trade, and the port self-pickup price was approaching 3,600 RMB/ton; the mainstream price of 60% powdered potassium chloride from Laos was 3,050-3,360 RMB/ton.
Market Analysis
On the supply side: Domestic potassium production was limited due to declining mineral quality and winter maintenance; port inventory was about 2.49 million tons, which was low, but some of the goods had clear destinations, and the actual circulation volume was limited.
On the demand side: agricultural demand weakened due to the approaching Spring Festival, and compound fertilizer plants may reduce their operating rates for maintenance; the chemical sector still had rigid demand, which provided some support to the market.
Market Sentiment and Transactions
Traders were reluctant to sell, downstream buyers were adopting a wait-and-see attitude, and new orders were limited, resulting in a "high price but low volume" market. With the Spring Festival approaching, market activity had decreased, but prices had not yet shown significant adjustments due to tight supply and policy support for supply and price stabilization.
Market outlook
In the short term, the tight supply-demand balance remains unchanged, and prices are likely to remain high and consolidate. Attention should be paid to the pace of imported potash arrivals, the release of national reserves, and the recovery of agricultural demand after the Spring Festival. Increased supply or weaker-than-expected demand could impact prices.
Overall, the potassium chloride market was temporarily experiencing tight supply and seasonally weak demand, with prices remaining stable at high levels. Future trends will require a comprehensive assessment of supply and demand changes and policy guidance.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
