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SunSirs: The Potassium Nitrate Market Fluctuated and Consolidated This Week (December 5-9)
December 12 2022 11:53:46SunSirs(John)

Price trend

According to the data monitored by SunSirs, this week, Shanxi's industrial grade first grade potassium nitrate was quoted at 5,875.00 RMB/ton, the price was stable, and the current price fell 0.42% year on year.

Analysis review

The domestic potassium nitrate market was stable this week. It can be seen from the monitoring data of SunSirs that the potassium nitrate market fluctuated slightly recently, and this week the market was volatile and consolidated. The supply of domestic potassium manufacturers was normal, and the market price of potassium chloride was higher. Border trade orders had not yet been fully determined. Downstream procurement remained just in demand, market transactions were flat, and the potassium nitrate market was consolidating at a low level. According to the statistics of SunSirs, the domestic mainstream potassium nitrate manufacturers quoted 5,600-5,900 RMB/ton for potassium nitrate this week (the quotation was for reference only), and the quotation varied according to the procurement situation.

Recently, the quotation of domestic mainstream potassium chloride manufacturers was stable: this week's price was 3,883.33 RMB/ton. As of December 9, the sales price of 60% of domestic potassium crystals was more between 3,500 to 3,800 RMB/ton. The price of 57% powder in Qinghai small factories was 3,100-3,200 RMB/ton, and the price of 62% Russian white potassium in border trade areas was 3,550-3,600 RMB/ton. The price of 62% white potassium at the port was mostly 3,680-3,750 RMB/ton. The price of large particles was mostly 3,850-3,900 RMB/ton, and the price of 60% red powder was 3,800-3,850 RMB/ton.

Market outlook

Recently, the domestic potash fertilizer supply was sufficient, the market was falling, and the cost support was poor. 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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