Price trend

As can be seen from the above figure, the domestic market of imported potassium chloride fell slightly this week, and the price fell from 4,400.00 RMB/ton at last weekend to 4,066.67 RMB/ton at this weekend, a decrease of 7.58%. This week, the domestic ex-factory price of potassium chloride was temporarily stable. This week, the ex-factory price of potassium chloride from domestic SaltLake was 4,480 RMB/ton, and it was reported that the price of potassium chloride in the salt lake would fall in October.

On September 25, the potassium chloride (import) commodity index was 107.02, the same as the previous day, a decrease of 26.06% from the highest point in the cycle of 144.74 points (2022-06-21), and an increase of 10.66% from the lowest point of 96.71 points on September 16, 2021. (Note: The cycle refers to 2021-09-01 to the present)

Analysis review

This week, the quotations of domestic mainstream potassium chloride manufacturers fell slightly: the ex-factory price of potassium chloride in Qinghai SaltLake over the weekend was about 4,480 RMB/ton. Xiangyang Youdeshi's distribution price of potassium chloride this weekend was 4,000 RMB/ton, which was 400 RMB/ton lower than last weekend. Zibo Dehe's distribution price of potassium chloride this weekend was 4,200 RMB/ton, which is down 100 RMB/ton compared with last weekend. Anhui Badou's distribution price of potassium chloride this weekend was 4,000 RMB/ton, which was 500 RMB/ton lower than last weekend. The price of 62% white potassium in the port was about 3,900-4,200 RMB/ton. The price of 60% Da Red granules in the port was about 3,900-4,200 RMB/ton. Border trade 62% of Russian white potassium was around 3,800-4,000 RMB/ton.

From the perspective of the downstream market of potassium chloride, the ex-factory price of potassium carbonate fell slightly this week. The price fell from 9,400.00 RMB/ton at last weekend to 9,325.00 RMB/ton at this weekend, a decrease of 0.80%, and a year-on-year increase of 16.93%. The ex-factory price of potassium nitrate fell slightly this week. The price fell from 6,675.00 RMB/ton at the end of last week to 6,550.00 RMB/ton at the end of this week, a decrease of 1.87% and a year-on-year increase of 20.18%. On the whole, the downstream market of potassium chloride fell slightly, and the demand for potassium chloride from downstream customers weakened.

Market outlook

In late September, the overall trend of the potassium chloride market may fluctuate downward within a narrow range. The price of potassium chloride in Salt Lake and Zangge will be consolidating at a high level, and there may be a downward adjustment plan in October. The downstream situation of potassium chloride fell slightly, and the downstream demand weakened, and the purchase was mainly based on rigid demand. International potash fertilizer prices fell slightly. The potassium chloride analyst of SunSirs believes that the import price of domestic potassium chloride may fluctuate downward slightly in the short term.

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