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SunSirs: The Market of Potassium Nitrate in Shanxi Declined in October
October 28 2022 13:52:08SunSirs(John)

Price trend

According to the data monitored by SunSirs, at the beginning of the month, Shanxi's industrial grade first grade potassium nitrate was quoted at 6,425.00 RMB/ton, and at the end of the month, Shanxi's industrial grade first grade potassium nitrate was quoted at 6,162.50 RMB/ton, a decrease of 4.09%. The price rose by 8.59% year-on-year.

Analysis review

The domestic potassium nitrate market showed a downward trend in October. It can be seen from the figure above that the potassium nitrate market has declined for three consecutive months since August 2022. This was mainly because the domestic potassium manufacturers had normal supply, and the price kept falling. The port stock was piled up and the shipment speed was slow. Downstream procurement remained just on demand, the market transaction was relatively cold, and the market for potassium nitrate declined. According to the statistics of SunSirs, the domestic mainstream potassium nitrate manufacturers have recently quoted 6,200-6,500 RMB/ton (the quotation is for reference only), and the quotation varied according to the procurement situation.

The domestic market of imported potassium chloride fell in October. On the 27th, the selling price of domestic potassium in the market was mostly 3,550-3,800 RMB/ton. The price of 57% powder in Qinghai small factories was 3,400-3,600 RMB/ton, and the price of 62% Russian white potassium in border trade areas was 3,550-3,650 RMB/ton (down 50 RMB/ton). The price of 62% white potassium at the port was mostly 3,650-3,900 RMB/ton (down 50 RMB/ton at the low end). The price of large particles at the port was mostly 3,750-3,850 RMB/ton, and the price of 60% red powder was 3,800-3,850 RMB/ton.

Market outlook

At present, the domestic potash fertilizer market has a flat trend, with large domestic and port supply. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.

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