Price trend
According to the data monitored by SunSirs, at the beginning of the month, the price of the first-class industrial grade potassium nitrate in Shanxi was 6,300.00 RMB/ton, and at the end of the month, the price of the first-class potassium nitrate in Shanxi was 7,050.00 RMB/ton, an increase of 11.90%. The current price increased by 67.36% year-on-year.
Analysis review
In March, the domestic potassium nitrate market showed an upward trend. From the data of SunSirs, it can be seen that the overall market of potassium nitrate has shown an upward trend since 2022, and the price continues to rise this month. The main reason is that raw materials have risen sharply, downstream demand is good, traders are reluctant to sell, and the market is in short supply. Potassium nitrate manufacturers ship according to the order, and the potassium nitrate market is firm and rising. According to the statistics of SunSirs: the recent quotations of domestic potassium nitrate mainstream manufacturers were 7,000-7,100 RMB/ton (the quotation was for reference only), and the quotations were different according to the procurement situation.
The overall trend of the potassium chloride market in March was dominated by rising. At present, the price of 62% white potassium in the port is around 4,900 RMB/ton, a slight decrease. The price of 60% bright red granules in the port is about 5,200-5,500 RMB/ton. Border trade 62% of Russian white potassium is around 4,900 RMB/ton. The ex-factory price of domestic salt lake potassium chloride is about 3,500 RMB/ton, and the first arrival price is about 3,900 RMB/ton. The market price of domestic potassium 60% white potassium is around 4,000-4,900 RMB/ton. The high price of potassium chloride can give strong cost support to potassium nitrate.
Market outlook
Recently, the international potash fertilizer price has been consolidated at a high level. Under the support of cost, it is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.
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